Nuvini Group Limited (NASDAQ:NVNI) saw its stock drop 55.9% on Thursday following the announcement of a 10-for-1 reverse stock split.
The company’s Board of Directors approved the move, which will take effect at the market open on October 6, 2025. “Under the terms of the arrangement, every ten shares of Nuvini common stock will automatically combine into one share, reducing the total number of outstanding shares from 100,326,678 to approximately 10,032,668,” the company stated.
Nuvini, which calls itself a “leading serial acquirer in the Latin American SaaS sector,” confirmed that its common stock will continue to trade on Nasdaq under the same “NVNI” ticker following the split, though a new CUSIP number will be assigned.
The company added that no fractional shares will be issued as a result of the reverse split, with any fractions rounded up to the nearest whole share. Shareholders with brokerage accounts will see their holdings automatically adjusted, while registered shareholders will receive guidance from Continental Stock Transfer & Trust Company on exchanging their share certificates.
Reverse stock splits are generally undertaken to boost the per-share price, often to remain compliant with exchange listing requirements or make the stock more appealing to certain investors.
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