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Nuvini Regains Compliance with Nasdaq Minimum Bid Price Listing Requirements

1. Nuvini regained compliance with Nasdaq bid price requirements. 2. Company previously failed to maintain a $1.00 minimum for 30 days. 3. Nuvini specializes in acquiring profitable B2B SaaS businesses in Latin America.

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Why Bullish?

Regaining compliance generally boosts investor confidence and may stabilize the stock price, similar to other companies recovering from similar delistings.

How important is it?

The article signifies a crucial compliance achievement impacting investor sentiment and market positioning of NVNI.

Why Short Term?

Compliance with Nasdaq may lead to immediate positive market response, but effects could diminish over time.

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NVNI
January 23, 2025 16:01 ET  | Source: Nvni Group Limited NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”) today announces that on January 23, 2025, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously disclosed, on July 16, 2024, the Company was notified by Nasdaq that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) because its common stock failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days. To regain compliance, the Company was required to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days. About NuviniHeadquartered in São Paulo, Brazil, Nuvini is Latin America's leading acquirer of B2B SaaS businesses. Focused on profitable companies with recurring revenue and growth potential, it fosters an entrepreneurial environment to help its acquisitions deliver mission-critical solutions and achieve industry leadership. Its long-term strategy emphasizes value creation through partnerships with existing management. For more information, visit www.nuvini.co. For further information or media inquiries regarding this partnership, please contact: Nuvini Investor and Media ContactCamilla Carrapatosoir@nuvini.co

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