Nvni Group (NVNI) said late Thursday it received a notice from Nasdaq for noncompliance with the minimum $1 bid price and $35 million market value requirements.
The company has until Oct. 13 to regain compliance. Its shares will remain listed during this period, according to the statement.
Nvni said it may consider a reverse stock split, which was approved at a March 20 shareholder meeting.
Shares of Nvni were down over 3% in after-hours trading.
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