Semantix announces voluntary delisting from Nasdaq Global Market

Semantix announced that it has notified the Nasdaq Stock Market LLC of its decision to voluntarily delist its ordinary shares, par value $0.001 per share and its warrants exercisable for one Ordinary Share at an exercise price of $11.50 from the Nasdaq Global Market. As previously noted in the company’s Report on Form 6-K filed with the Securities and Exchange Commission on January 5, 2024, the Company received written notice from Nasdaq that the Company was not in compliance with the minimum bid price required for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1) based upon the closing bid price of the Ordinary Shares for the 34 consecutive business days prior to the date of the notice. Semantix intends to file a Form 25 with the SEC to remove its Ordinary Shares and Warrants from listing on the Nasdaq Global Market on or about April 15, 2024 and deregister such securities under Section 12(b) of the Securities Exchange Act of 1934, as amended, and as a result, Semantix expects that the last trading day of its Ordinary Shares and Warrants on the Nasdaq Global Market will be on or about April 12, 2024. Furthermore, prior to April 30, 2024, the Company intends to file a Form 15 with the SEC to suspend the Company’s reporting obligations under Sections 12(g) and 15(d) of the Exchange Act.