Nuvini regains Nasdaq compliance with financial reporting

NEW YORK - Nuvini Group Limited (NASDAQ:NVNI), a prominent acquirer of B2B SaaS companies in Latin America with a market capitalization of $164.29 million, announced today that it has regained compliance with Nasdaq’s financial reporting requirements. The notification from the Nasdaq Listing Qualifications Department confirms that Nuvini has met the criteria set forth in Nasdaq Listing Rule 5250(c)(2), following the submission of its unaudited financial statements for the recent quarter on February 4, 2025. The stock has shown remarkable momentum, with a 378% surge over the past six months and a 134% gain year-to-date, according to InvestingPro data.

The required Form 6-K, which includes the company’s unaudited condensed consolidated statements of profit or loss and financial position, was filed in accordance with the Nasdaq’s listing rules. This action rectifies the company’s previous non-compliance with Nasdaq’s continuous reporting obligations.

Nuvini, headquartered in São Paulo, Brazil, specializes in acquiring profitable SaaS companies that offer business-to-business services with recurring revenue and growth potential in Latin America. The company prides itself on creating value through long-term partnerships and maintaining an entrepreneurial environment that encourages acquired companies to become industry leaders.

This development is significant for Nuvini as it reassures investors of the company’s commitment to transparency and regulatory compliance. Maintaining listing standards is crucial for companies like Nuvini, as it provides them with access to capital markets and the confidence of shareholders and potential investors. InvestingPro analysis reveals 7 additional investment tips for Nuvini, including insights about its profitability metrics and market performance patterns.

The information in this article is based on a press release statement from Nuvini Group Limited.

In other recent news, Nvni Group Limited has been notified by Nasdaq of non-compliance due to a delay in filing its interim financial statements. The company now has a 60-day period to file the overdue Annual Report or present a plan to regain compliance. If Nvni’s plan is accepted by Nasdaq, it could receive an extension until June 30, 2025, to fulfill its obligations.

In addition to this development, Nvni has successfully completed a significant financing round, a mix of equity and convertible notes, led by the company’s Founder and CEO, Pierre Schurmann. This funding indicates a strong belief in the company’s potential and a commitment to its sustainable expansion.

Simultaneously, Nvni announced the promotion of José Mario Ribeiro to Chief Operating Officer, a move expected to drive further operational efficiency and growth within its portfolio companies. These are the latest developments for Nvni, a company known for acquiring established SaaS entities in Latin America.

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