Nuvve Holding Corp. announced the closing of its private placement of Series A Preferred Stock and warrants, raising $5.4 million in gross proceeds.
The Private Placement involved issuing 6,000 shares of Series A Preferred Stock at a purchase price of $900.00 per 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.
Gross Proceeds
$5.4 million raised in the Private Placement.
Conversion Price
The initial conversion price of Series A Preferred Stock to common stock is $2.367 per share.
Stockholder Approval
Stockholders approved the full conversion of Series A Preferred Stock and exercise of warrants at a special meeting on December 29, 2025.
- The Private Placement will help Nuvve regain compliance with Nasdaq's stockholders' equity listing requirement before the deadline of December 31, 2025.
- Nuvve intends to use the net proceeds for working capital and general corporate purposes, enhancing its financial position.
The successful closing of the Private Placement demonstrates Nuvve's ability to attract institutional investment and improve its financial health, positioning it for future growth and compliance with Nasdaq requirements.