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Lavoro Announces Receipt of Non-Compliance Notice from Nasdaq Regarding Delayed Filing of Form 6-K Interim Financial Information
Globenewswireยท 2025-07-14 20:05
Core Viewpoint - Lavoro Limited has received a notice of non-compliance from Nasdaq due to the delayed filing of its interim financial information for the six-month period ended December 31, 2024 [1][2]. Group 1: Compliance and Regulatory Actions - The notice indicates that Lavoro is not in compliance with Nasdaq Listing Rule 5250(c)(2) [1]. - The company must submit a plan by September 8, 2025, to address how it intends to regain compliance with Nasdaq's listing rules [3]. - If the plan is accepted, Nasdaq may grant an exception of up to 180 calendar days, allowing compliance to be regained by December 29, 2025 [3][4]. Group 2: Company Background - Lavoro is Brazil's largest agricultural inputs retailer and a leading producer of agricultural biological products [5]. - The company operates across Latin America, including Brazil, Colombia, Uruguay, and Ecuador, and was founded in 2017 [5]. - Lavoro empowers small and medium-sized farmers to adopt emerging agricultural technologies to enhance productivity [5].