Nvni Group Limited Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Nasdaq(NDAQ) GlobeNewswire News Room·2024-11-08 06:30
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”) received a notification letter on November 1, 2024, from Nasdaq’s Listing Qualifications Department, indicating the Company’s minimum bid price per share had been below $1.00 for 30 consecutive business days, failing to meet Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The notification has no immediate effect on the Company’s Nasdaq listing, and shares continue to trade under “NVNI”. Under Nasda ...