In the Private Placement, Nuvve issued an aggregate of 6,000 shares of Series A Preferred Stock to certain institutional investors at a purchase price of $900.00 per share, representing an original issue discount of 10% of the $1,000 stated value of each share. The Series A Preferred Stock are convertible into shares of Nuvve's common stock at an initial conversion price of $2.367 per share, which represented a 10% discount to the closing price of Nuvve's common stock immediately prior to the closing of the ...

Core Points - Nuvve Holding Corp. will implement a 1-for-40 reverse stock split effective December 15, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][4]. - The reverse stock split will reduce the number of outstanding shares from approximately 53 million to about 1.3 million, while the total authorized shares will remain unchanged [3][4]. - The company's common stock will continue to trade under the symbol "NVVE" on the Nasdaq Capital Market with a new CUSIP number [2]. Company Overview - Nuvve Holding Corp. specializes in distributed grid assets management and vehicle-to-grid (V2G) technology, aiming to enhance energy flexibility and sustainability [6]. - The company operates a platform for intelligent energy management, facilitating real-time bidirectional charging and load optimization [6]. - Nuvve collaborates with various electrification partners to support a resilient and equitable energy grid [6].