Nuvve Holding Corp. has entered into a Securities Purchase Agreement for a private placement involving the sale of 5,000 shares of newly designated Series A Convertible Preferred Stock and accompanying warrants to purchase common stock. The aggregate stated value of the Preferred Stock is $5 million, with the total purchase price set at $4.5 million. The transaction also grants purchasers the right to buy additional shares of Preferred Stock worth up to $25 million, along with additional warrants. The closing of the offering is contingent upon stockholder approval for the issuance of common stock exceeding 19.99% of the company's outstanding shares, as per Nasdaq regulations. The Preferred Stock carries an 8% annual cumulative dividend, which could increase to 18% under certain conditions, with dividends payable quarterly in cash, stock, or a combination of both.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuvve Holding Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-110411), on November 14, 2025, and is solely responsible for the information contained therein.
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