Core Viewpoint - Nuvve Holding Corp. has successfully closed a private placement of Series A Convertible Preferred Stock and accompanying warrants, raising gross proceeds of $5.4 million, which will be used for working capital and general corporate purposes [1][3]. Group 1: Private Placement Details - Nuvve issued 6,000 shares of Series A Preferred Stock at a price of $900.00 per share, reflecting a 10% discount from the stated value of $1,000 [2]. - The Series A Preferred Stock is convertible into common stock at an initial price of $2.367 per share, which is a 10% discount to the closing price prior to the placement [2]. - The company also issued warrants to purchase up to 2,534,856 shares of common stock at an initial exercise price of $3.5505 per share, which are exercisable immediately and expire in five years [3]. Group 2: Compliance and Future Actions - The closing of the private placement is expected to help Nuvve regain compliance with Nasdaq's stockholders' equity listing requirement by the deadline of December 31, 2025 [4]. - Nuvve plans to file a registration statement with the SEC to register the resale of common stock that can be issued upon conversion of the Series A Preferred Stock and exercise of the warrants [5]. - Stockholder approval for the full conversion of the Series A Preferred Stock and the exercise of the accompanying warrants was obtained at a special meeting held on December 29, 2025 [5]. Group 3: Company Overview - Nuvve Holding Corp. specializes in distributed grid assets management and vehicle-to-grid (V2G) technology, aiming to enhance energy flexibility and sustainability [9]. - The company operates a platform for intelligent energy management, facilitating real-time bidirectional charging and load optimization [9]. - Nuvve's mission is to support a clean energy future by integrating mobility, buildings, and infrastructure into a resilient and equitable grid [9].

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].