Nvni Group ( (NVNI) ) has provided an update.
Nvni Group Limited, a company incorporated in the Cayman Islands, announced on February 28, 2025, that its Board of Directors has resolved to hold an extraordinary general meeting (EGM) to propose several key resolutions to its shareholders. These resolutions include increasing the company’s authorized share capital, amending and restating the company’s memorandum and articles of association, and effectuating a reverse share split with a ratio to be determined by the Board. The reverse split aims to ensure compliance with Nasdaq’s minimum bid price requirement for continued listing. If approved, the reverse split will adjust the number of issued and outstanding shares, as well as the exercise prices of share options and other convertible securities.
More about Nvni Group
YTD Price Performance: -66.11%
Average Trading Volume: 11,546,874
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $33.73M
Learn more about NVNI stock on TipRanks’ Stock Analysis page.