Nuvve raises ~$1.0M via registered direct offering of 2.49M shares at $0.40/share

Nuvve Holding Corp.

Gross proceeds of $997,012 from sale of 2,492,530 shares at $0.40 per share.
Closing expected on or about June 6, 2023; proceeds for working capital and general corporate purposes.
Purchaser is institutional investor; Chardan Capital Markets receives 6% placement agent fee.
Shares offered under existing effective S-3 shelf registration statement.
As of June 2, 2023, company had 27.6M shares outstanding, ~20M warrants, ~2.5M options.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nuvve Holding Corp. entered into Purchase Agreement with a certain institutional and accredited investor valued at $997,012 (effective 2023-06-05).

Action: entry
Agreement: equity purchase
Counterparty: a certain institutional and accredited investor
Value: $997,012
Effective: 2023-06-05

Exact text from the filing

On June 5, 2023, Nuvve Holding Corp. (the “Company”) entered into a subscription agreement (the “Purchase Agreement”) with a certain institutional and accredited investor (the “Purchaser”), relating to the issuance and sale of 2,492,530 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”) in a registered direct offering (the “Offering”). The offering price for the Shares will be $0.40 per Share. The closing of the Offering is expected to occur on or about June 6, 2023 (the “Closing Date”), subject to customary closing conditions. The aggregate gross proceeds to the Company from the Offering are expected to be $997,012.

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38 material agreements filed in the last 30 days. Browse all material agreements →

Nuvve Holding Corp. filing history →

Source: SEC EDGAR

accession 0001213900-23-046701

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