Lavoro Addresses Nasdaq Notice on Delayed Filing
Lavoro Limited has received a notice of non-compliance from the Nasdaq Stock Market regarding the delayed submission of its Form 20-F for the year ending June 30, 2025. This notification was expected and does not affect the company's current listing status on Nasdaq under the tickers LVRO and LVROW.
Implications of the Non-Compliance Notice
The notice highlighted a failure to comply with Nasdaq Listing Rule 5250(c)(1), primarily due to complexities surrounding Lavoro's EJ Plan, which was disclosed earlier this year. As part of the notice, the company must present a written plan by the set deadline to outline how it will rectify the compliance issue.
Timeline for Compliance
In line with Nasdaq's guidelines, Lavoro is expected to submit its plan by the indicated deadline of November 28. The company has already been granted an extension to file its Form 6-K, allowing them additional time to meet the requirements for interim financial statements for the six-month period ending December 31, 2024. Hence, the company is keen to resolve these matters efficiently to maintain good standing in the public market.
About Lavoro Limited
Founded in 2017, Lavoro Limited has grown to become Brazil's premier agricultural inputs retailer and a leader in agricultural biological products. Representing a critical link in the chain of agricultural innovation, Lavoro supports small and medium-sized farmers in adopting cutting-edge farming technologies. Its operations extend to several Latin American countries, including Brazil, Colombia, Uruguay, and Ecuador. The company continues to expand its footprint within the agricultural sector to better serve its diverse clientele, aiming to elevate productivity and sustainability in farming practices.
Contact Information
For any inquiries, please reach out to:
Julian Garrido
Email: julian.garrido@lavoroagro.com
Tigran Karapetian
Email: tigran.karapetian@lavoroagro.com
Fernanda Rosa
Email: fernanda.rosa@lavoroagro.com
Frequently Asked Questions
What is the recent notice received by Lavoro from Nasdaq?
Lavoro received a notice from Nasdaq about non-compliance due to the delayed filing of its Form 20-F.
How does this notice affect Lavoro’s stock?
Currently, the notice does not affect Lavoro's listing on Nasdaq, but it needs to comply by submitting a plan.
What is Lavoro’s plan to address the compliance issue?
Lavoro plans to submit an action plan to Nasdaq by November 28 to outline their steps toward compliance.
Which sectors does Lavoro operate in?
Lavoro operates primarily in the agricultural sector, providing inputs and technologies to farmers.
How can I contact Lavoro for further inquiries?
You can contact the company via email at provided addresses for Julian Garrido, Tigran Karapetian, or Fernanda Rosa.
