Nuvve Holding Corp. Issues $277,777 Convertible Note and Warrants in $250,000 Private Placement

Reuters11-22
<a href="https://laohu8.com/S/NVVE">Nuvve Holding Corp.</a> Issues $277,777 Convertible Note and Warrants in $250,000 Private Placement

Nuvve Holding Corp. has entered into an amended financing agreement with certain accredited institutional and individual investors. Under the terms of the agreement, Nuvve issued a senior convertible promissory note with a principal amount of $277,777, carrying a 10% original issue discount, to an investor. The note is convertible into shares of Nuvve's common stock and is accompanied by warrants to purchase additional shares. The note matures 18 months from issuance, with an option for Nuvve to extend the term by up to six months, provided that at least 33% of the principal has been repaid or converted and no default or material adverse effect has occurred. If the extension is exercised, Nuvve will pre-pay six months of interest based on the outstanding principal amount.

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