Nuvve Holding Corp. announced a 1-for-40 reverse stock split of its common stock.
The reverse stock split will be effective as of 12:01 a.m. Eastern Time on Monday, December 15, 2025.
Following the split, Nuvve's common stock will trade on a split-adjusted basis under the symbol 'NVVE.'
Reverse Stock Split
Nuvve is implementing a 1-for-40 reverse stock split to reduce the number of outstanding shares.
Share Adjustment
Shareholders will automatically have their shares converted at the designated ratio without change in share value.
Compliance Requirements
The reverse split aims to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
- The reverse stock split will significantly reduce the number of issued and outstanding shares.
- Proportional adjustments will be made for stock options, restricted stock units, and warrants.
- The split is part of Nuvve's strategic measures to enhance shareholder value and maintain compliance with market regulations.
Nuvve's decision to undergo a reverse stock split reflects its commitment to optimizing shareholder value and meeting Nasdaq listing requirements.