Nuvini receives noncompliance notification from Nasdaq

Nuvini (NVNI) has received notice from the listing qualifications department staff of Nasdaq stating that the company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1 per share, and Listing Rule 5550(b)(2), which requires listed securities to maintain a minimum Market Value of Listed Securities of $35M.