Nuvve Holding Corp. Announces Strategic Financing to Strengthen Equity Position
Nuvve will seek shareholder approval to issue convertible preferred stock and enter into equity line of credit for up to a combined $50 million
SAN DIEGO–(BUSINESS WIRE)–
Nuvve Holding Corp. (“Nuvve”, “we”, or the “Company”) (Nasdaq: NVVE), a global leader in advanced energy storage management, today announced that the Company entered into a private placement securities purchase agreement and equity line of credit designed to strengthen its balance sheet and solidify its equity position.
Nasdaq established December 31, 2025, as the date by which the Company must satisfy Nasdaq’s minimum bid price and shareholder equity requirements. In October 2025, the Company received shareholder approval to effectuate a reverse stock split, which will facilitate the Company’s ability to meet Nasdaq minimum bid price requirement of $1 by December 31, 2025.
Now with the securities purchase and equity line of credit agreements executed, the Company believes that, following shareholder approval of the underlying transactions, it will be well positioned to satisfy Nasdaq’s minimum equity requirements for the foreseeable future. The additional capital also provides flexibility to support ongoing operations and future growth initiatives. This development positions the Company to continue its mission of accelerating the transition to clean energy through its innovative energy storage management technology, which enables electric vehicles to provide grid services and optimize energy use.
“This is a pivotal moment for Nuvve,” said Gregory Poilasne, CEO of the Company. “With our shareholders having approved the reverse stock split, and, now, with the securities purchase agreement and equity line of credit signed, subject to shareholder approval, we believe we are in a stronger position to execute on our business objectives and deliver value to our shareholders, customers, and partners.”
Further details on the financing terms are available at https://investors.nuvve.com/financials/sec-filings
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Forward-Looking Statements:
This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “expects,” “believes,” “aims,” “anticipates,” “plans,” “looking forward to,” “estimates,” “projects,” “assumes,” “guides,” “targets,” “forecasts,” “continue,” “seeks” or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements regarding Nuvve’s anticipated private placement offering, including the completion of the private placement on the anticipated terms and the use of proceeds therefrom, expected timing of recently announced projects, anticipated growth of various business areas, the timing and ability to obtain shareholder approval of the private placement, the ability to regain compliance with Nasdaq continued listing rules, including the bid price rule and minimum stockholders’ equity rule, and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve’s most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve’s filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251114000112/en/
Media Contact For Nuvve:
Tiffany Rodriguez
[email protected]
310.824.9000
KEYWORDS: California United States North America
INDUSTRY KEYWORDS: Other Energy Environment Technology Batteries Alternative Energy Green Technology Energy
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