Business Operations and Strategy - Nuvve's proprietary V2G technology enables linking multiple EV batteries into a virtual power plant, providing grid services such as frequency regulation and energy optimization[238]. - The company expects to generate revenue primarily from services to the grid via its GIVe software platform and sales of V2G-enabled charging stations[240]. - Nuvve formed Levo Mobility LLC to advance electrification of transportation, focusing on Fleet-as-a-Service for school buses and last-mile delivery[242]. - The Business Combination with Newborn generated net proceeds of $14.25 million and an estimated net increase in cash of approximately $62.02 million[245][246]. - Nuvve's revenue growth is tied to the overall acceptance of commercial fleet and passenger EVs, which is influenced by factors such as perceptions of EV features and government incentives[254][256]. - The company plans to increase sales and marketing activities and pursue strategic acquisitions in North America and Europe using proceeds from the Business Combination[260]. - Nuvve's competition includes other electric vehicle charging technologies, and its market share growth is essential for future revenue and profit generation[259]. - Nuvve's growth in North America and Europe requires differentiation from existing competitors to ensure future revenue growth and profits[260]. Financial Performance - Total revenue for the three months ended September 30, 2021, was $1.2 million, a decrease of 13.3% from $1.3 million in the same period of 2020[266]. - Total revenue for the nine months ended September 30, 2021, was $2.9 million, an increase of 7.1% from $2.7 million in the same period of 2020[267]. - Cost of product and service revenues for the three months ended September 30, 2021, increased by 1,106.5% to $387,582, primarily due to sales of charging stations[268]. - Selling, general and administrative expenses for the three months ended September 30, 2021, were $6.6 million, an increase of 383.0% from $1.4 million in the same period of 2020[270]. - Research and development expenses for the three months ended September 30, 2021, increased by 110.5% to $1.6 million[272]. - Net loss for the three months ended September 30, 2021, was $7.0 million, an increase of 790.8% from $0.8 million in the same period of 2020[277]. - Net loss for the nine months ended September 30, 2021, was $18.5 million, an increase of 693.3% from $2.3 million in the same period of 2020[278]. - Nuvve's net loss for the nine months ended September 30, 2021, was $18.5 million, influenced by lower net revenues and increased expenses[285]. Cash Flow and Financial Position - Nuvve raised net proceeds of $61.8 million from the Business Combination and related transactions as of September 30, 2021[282]. - As of September 30, 2021, Nuvve had a cash balance of $40.7 million, working capital of $43.9 million, and stockholders' equity of $89.0 million[282]. - Net cash used in operating activities for the nine months ended September 30, 2021, was $23.5 million, an increase of $22.2 million compared to the same period in 2020[285]. - Net cash provided by financing activities for the nine months ended September 30, 2021, was $62.2 million, primarily from the Business Combination and PIPE offering[287]. Internal Controls and Compliance - Nuvve's management concluded that its disclosure controls and procedures were not effective as of September 30, 2021, due to material weaknesses in internal control over financial reporting[334]. - The company identified material weaknesses in internal control over financial reporting related to segregation of duties and lack of formal documentation in financial processes[336]. - The company is utilizing outside consultants to improve financial reporting and compliance with U.S. GAAP[337]. - Additional finance and accounting personnel have been hired to enhance segregation of duties and support complex accounting matters[339]. - The remediation of identified material weaknesses is ongoing and requires validation and testing over multiple financial reporting cycles[340]. - The company acknowledges inherent limitations in the effectiveness of internal controls, which may not provide absolute assurance[341]. - The company intends to formalize documentation of policies and procedures to further address material weaknesses[339]. - The design and implementation of remediation efforts are subject to ongoing senior management review and audit committee oversight[340]. Market and Competitive Landscape - The company has a significant competitive advantage in the V2G market, which is estimated to be over $6 trillion[262]. - The company has collected a substantial amount of data, which is crucial for rapid development and monetization of its technology[262]. - Nuvve received a grant of approximately $0.1 million from Innovate UK for disaster relief related to specific contracts[284]. - There are no material legal proceedings against the company, but it may face claims in the ordinary course of business[343]. Accounting and Valuation - Nuvve's revenue recognition follows the five-step model under ASC 606, requiring significant judgment in contract terms[297]. - Nuvve utilizes the asset and liability method for accounting income taxes, reflecting estimated future tax consequences of temporary differences[326]. - The company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the position will be sustained upon examination[327]. - Nuvve's stock-based compensation is measured at grant date fair value and recognized as an expense over the requisite service period[311]. - The expected life of stock options granted during the nine months ended September 30, 2021, is 6.0 years, with a risk-free interest rate of 1.02%[313]. - Nuvve's common stock valuation is based on the market and income approaches, with future cash flows discounted at a risk-adjusted rate[319]. - The company applies a discount for lack of marketability (DLOM) to arrive at the fair value of common stock[323]. - Nuvve is classified as an emerging growth company under the JOBS Act, allowing it to take advantage of extended transition periods for new accounting standards[329]. - The company expects to remain an emerging growth company until it meets certain revenue or market capitalization thresholds[332].

Nuvve Holding Corp. (NASDAQ:NVVE) Q3 2021 Earnings Conference Call November 11, 2021 11:00 AM ET Company Participants Gregory Poilasne - Co Founder, Chairman and CEO David Robson - Chief Financial Officer Ted Smith - President and Chief Operating Officer Conference Call Participants Aaron Spychalla - Craig Hallum Capital Craig Irwin - Roth Capital Partners Operator Good morning and welcome to Nuvve Holdings Corp. Third Quarter 2021 Earnings Conference Call. [Operator Instructions] It is my pleasure to intr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-40296 NUVVE HOLDING CORP. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | --- | --- | | ...

Nuvve Holding Corp. (NASDAQ:NVVE) Q2 2021 Earnings Conference Call August 12, 2021 4:30 PM ET Company Participants Joe Dorame - Managing Partner Gregory Poilasne - Chief Executive Officer David Robson - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Operator Good afternoon, and welcome to Nuvve Holding Corporation's Second Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-40296 NUVVE HOLDING CORP. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |----------- ...

Call Start: 09:00 January 1, 0000 9:41 AM ET Nuvve Holding Corp (NASDAQ:NVVE) Q1 2021 Earnings Conference Call May 17, 2021, 09:00 ET Company Participants Joe Dorame - Managing Partner Gregory Poilasne - Co-Founder, Chairman & CEO Ted Smith - President & COO David Robson - CFO Conference Call Participants Eric Stine - Craig-Hallum Craig Irwin - ROTH Capital Partners Operator Good morning and welcome to the Nuvve Holding Corp.'s first-quarter of fiscal year 2021 financial results conference call. [Operator I ...