Semantix, Inc. Class A Ordinary Shares

STIX

Market cap $23.5M

Semantix (NASDAQ: STIX ) stock is falling hard on Friday after the Software as a Service (SaaS) company revealed plans to voluntarily delist its shares. Semantix has notified the Nasdaq Exchange of its intention to delist shares from its Nasdaq Global Market.

SÃO PAULO, Brazil, April 04, 2024 (GLOBE NEWSWIRE) -- Semantix, Inc. (NASDAQ: STIX) (“Semantix” or the “Company”), a leading Latin American enterprise AI platform and applications provider, announced today that it has notified the Nasdaq Stock Market LLC (“Nasdaq”) of its decision to voluntarily delist its ordinary shares, par value $0.001 per share (the “Ordinary Shares”) and its warrants exercisable for one Ordinary Share at an exercise price of $11.50 (the “Warrants”) from the Nasdaq Global Market. As previously noted in the Company's Report on Form 6-K filed with the Securities and Exchange Commission (the “SEC”) on January 5, 2024, the Company received written notice from Nasdaq that the Company was not in compliance with the minimum bid price required for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1) based upon the closing bid price of the Ordinary Shares for the 34 consecutive business days prior to the date of the notice.

SÃO PAULO, Brazil, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Semantix, Inc. (“Semantix” or “the Company”) (NASDAQ: STIX), a leading Latin American enterprise AI platform and applications provider, announced the initiation of a strategic partnership with SPC Grafeno - a financial asset registrar established through a joint venture between Grafeno and SPC Brazil. The collaboration was unveiled during an exclusive event featuring representatives from both organizations, signaling a joint effort to bring positive changes to Brazil's credit market.

SÃO PAULO, Brazil, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Semantix, Inc. (“Semantix” or “the Company”) (NASDAQ: STIX), a leading Latin American enterprise AI platform and applications provider, today announces the resignation of Mr. Adriano Alcalde, Chief Financial Officer, to be effective on May 1, 2024.

SÃO PAULO, Brazil, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Semantix, Inc. (NASDAQ: STIX), a leading Latin American enterprise AI platform and applications provider, today announced that on January 2, 2024 it received a written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with the minimum bid price requirement of US$1.00 per share set forth in Nasdaq Rules, based on the closing bid price of the Company's Ordinary Shares for the last 34 consecutive business days from November 10, 2023 to December 29, 2023. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided with an initial 180 calendar days period, ending on July 1, 2024, to regain compliance with the Listing Rules.

NEW YORK and SÃO PAULO, Brazil, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”), the leading serial acquirer of private SaaS B2B companies in Latin America and Semantix, Inc. (Nasdaq: STIX), a leading Latin American enterprise AI platform and applications provider, (“Semantix”) proudly announce a strategic partnership.