Nuvei Corporation (“Nuvei” or the “Company”) (NASDAQ:NVEI) (TSX:NVEI), the global payment technology partner of thriving brands, today reaffirmed the financial outlook it disclosed on November 9, 2021 for full year 2021 and reiterated its long-term growth targets for total volume, revenue and adjusted EBITDA margin also disclosed on that date.
Nuvei believes the recent report issued by a short seller is intentionally misleading and draws inaccurate conclusions, innuendo and character attacks on key executives, among numerous other issues. The personal attacks on Nuvei executives made by the short seller appear to have been made to distract from the Company’s achievements and progress. The short seller admits that it stands to profit significantly from Nuvei’s stock price decline, at the expense of Nuvei’s shareholders, customers and employees.
Nuvei remains focused on executing against its strategy. Investors are encouraged to read the Company’s financial results for the third quarter ended September 30, 2021 for more details on Nuvei’s performance and its outlook. The Company urges investors to not make decisions based on the short seller report and to review public filings for material information that pertains to its business.
