Nvni Group Limited Ordinary Shares - NVNI STOCK NEWS

Nvni Group (Nasdaq: NVNI) has received a staff determination letter from Nasdaq on November 12, 2024, indicating non-compliance with Listing Rule 5250(c)(1) due to failure to file its 2023 Annual Report. The company has appealed the delisting determination to the Nasdaq Hearings Panel, which automatically stays the suspension for 15 days. Nvni is requesting an extended stay to maintain its listing during the appeal process and is working to complete and file the 2023 Annual Report. The company notes that this situation doesn't affect its business operations or SEC reporting obligations.

Nvni Group (NVNI) has received a notification from Nasdaq on November 1, 2024, regarding non-compliance with the minimum bid price requirement, as its shares traded below $1.00 for 30 consecutive business days. The company has until April 30, 2025, to regain compliance by maintaining a closing bid price of $1.00 for 10 consecutive business days. If unsuccessful, NVNI may qualify for an additional 180-day grace period. The notification does not immediately affect NVNI's Nasdaq listing status, and trading continues normally while the company monitors the situation and evaluates compliance options.

Nuvini (Nasdaq: NVNI), a B2B SaaS acquirer in Latin America, has completed a new financing round combining equity and convertible notes. The financing was led by CEO Pierre Schurmann and existing investors, with convertible notes priced at $1.10 per share. Additionally, the company promoted José Mario Ribeiro to Chief Operating Officer, following his appointment as Board Advisor in August. In his new role, Ribeiro will focus on integrating financial solutions within Nuvini's portfolio companies to enhance operational efficiencies and growth opportunities.

Nuvini (Nasdaq: NVNI), the leading serial acquirer of private SaaS B2B companies in Latin America, has announced the addition of José Mário Ribeiro Jr as a non-voting board adviser. With over four decades of experience in entrepreneurship and financial services, Ribeiro has founded more than 30 companies within the Grupo Check. As a former partner and CEO of Adiq, one of Brazil's largest acquiring and payment solutions companies, Ribeiro's expertise aligns with Nuvini's objectives to explore embedded finance opportunities within its portfolio companies.

Pierre Schurmann, CEO of Nuvini, expressed enthusiasm about Ribeiro joining as a board adviser, highlighting his expertise and vision. Ribeiro will offer strategic counsel on various initiatives to support Nuvini's continued success and reinforce its commitment to strengthening its position in the serial acquirer segment.

Nuvini (Nasdaq: NVNI), a leading serial acquirer of private SaaS B2B companies in Latin America, has joined several Russell indexes, including the Russell 3000E Index. This inclusion, effective as of July 22, 2024, is seen as a significant benchmark for the company, potentially enhancing its visibility to a broader market.

CEO Pierre Schurmann expressed excitement about the development, emphasizing its importance as Nuvini continues to focus on executing its corporate and capital allocation strategies. The Russell US Indexes reconstitution, which took place on April 30th, ranks the 4,000 largest US stocks based on total market capitalization. Nuvini's inclusion in these indexes is expected to last for one year.

Nuvini (Nasdaq: NVNI) announced it received a notice of non-compliance from Nasdaq due to a delayed filing of its annual report for the fiscal year ended December 31, 2023. The company did not timely file its Form 20-F with the SEC. Nuvini has 60 days from the notice date, until July 16, 2024, to submit a plan to Nasdaq for regaining compliance. If accepted, Nuvini could get up to 180 days from the report's due date to comply. If Nasdaq rejects the plan, the company can appeal. This notice does not immediately affect Nuvini's Nasdaq listing. The company is working to file the report before the deadline or submit a compliance plan by July 16, 2024.

Nvni Group Limited (Nasdaq: NVNI) has appointed Mr. João Antônio Dantas Bezerra Leite as Board Member and Audit Committee Chair. With his background as the former CTO of a leading private bank in Brazil, his experience in financial services is expected to provide valuable insights into fintech possibilities within Nuvini companies.

Nvni Group Limited (Nasdaq: NVNI) received a notice of deficiency from Nasdaq due to the resignation of a board member, resulting in non-compliance with Nasdaq Listing Rule 5605(c)(2)(A). The company has been provided a cure period until December 30, 2024, or June 26, 2024, to regain compliance by appointing a third independent director to the board and audit committee.

Nuvini Group Limited (NVNI) and Semantix, Inc. (STIX) announce a strategic partnership to enhance and optimize the operations of Nuvini's portfolio of companies through the implementation of AI-driven solutions. Semantix will leverage its expertise in AI to provide value to Nuvini and accelerate its reach across various industries, aiming to achieve greater operational efficiency, data-driven decision-making, and a competitive edge in Nuvini's respective industries.