Semantix’s Nasdaq non-compliance notice raises concerns

Semantix, Inc. Not Compliant with Nasdaq’s Minimum Bid Price Rule

Semantix, Inc. (NASDAQ:STIX), a leading enterprise AI platform and applications provider in Latin America, recently announced that it has received a notice from the Nasdaq Stock Market LLC regarding its non-compliance with the exchange’s minimum bid price rule. According to the notice, Semantix’s shares closed below the required $1.00 threshold for 34 consecutive business days, from November 10 to December 29, 2023. This announcement raises concerns about the company’s ability to maintain its listing on the Nasdaq exchange.