Nvni Group (NVNI) Receives Nasdaq Non-compliance Notice

Nvni Group Limited (Nasdaq: NVNI) today announced that it received a staff determination notice (the “Determination”) on January 9, 2024, from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to its delay in filing its interim financial statements on form 6-K for the period of the end of its second quarter of 2023, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(2).

Under Nasdaq rules, the Company has 60 calendar days, or until March 8, 2025, to either file the Annual Report or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule (the “Compliance Plan”). If the Company does not file the Annual Report but submits a Compliance Plan, and Nasdaq accepts the Compliance Plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date, or until June 30, 2025, to file the Annual Report and regain compliance. If Nasdaq does not accept the Company’s Compliance Plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

The Notice has no immediate effect on the listing of the Company’s ordinary shares on the Nasdaq Capital Market.

The Company intends to file the Annual Report within the 60-day period described above.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

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