DelistingOct 9, 2026, 06:06 AM
Nvni Group to be Delisted from Nasdaq Effective October 9
AI Summary
Nvni Group Limited announced it received a determination letter from Nasdaq denying its request to continue listing on the stock exchange. Consequently, the company's shares will be delisted and trading suspended starting October 9, 2026. This decision stems from the company's failure to meet the Nasdaq Listing Rule requiring a minimum market value of $35 million. Nvni Group has a 15-day window to appeal this decision to the Nasdaq Listing and Hearing Review Council.
Key Highlights
- Nvni Group Limited received a determination letter from Nasdaq to deny its request to continue listing.
- The company's shares will be delisted from Nasdaq and trading suspended at the open of trading on October 9, 2026.
- The delisting is due to failure to regain compliance with the Nasdaq Listing Rule 5550(b)(2) regarding minimum market value of $35 million.
- The company has 15 days to request a review of the decision by the Nasdaq Listing and Hearing Review Council.
Price Impact
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