Nuvve Holding Corp. (NVVE): debt financing — Nuvve issues $1.44M convertible notes and warrants in second tranche of October 2024 financing

Nuvve Holding Corp.

Issued $1,444,444 principal amount of senior convertible notes with 10% OID; gross proceeds $1.3M.
Notes bear 8% interest (18% on default), mature in 18 months with possible 6-month extension.
Conversion price $0.8261 (95% of 5-lowest VWAPs in prior 10 days); full ratchet anti-dilution with floor $0.528.
Warrants exercisable for 100% of conversion shares at $0.8261, 5-year term, cashless exercise available.
Net proceeds to be used for working capital and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuvve Holding Corp. incurred convertible notes of $1,444,444.44 principal amount with certain accredited institutional and individual investors at 8.0% per annum maturing 18 months from the date of issuance.

Instrument: convertible notes
Principal: $1,444,444.44 principal amount
Counterparty: certain accredited institutional and individual investors
Rate: 8.0% per annum
Maturity: 18 months from the date of issuance
Event: incurrence

Exact text from the filing

the Company issued to certain Investors (i) an aggregate of $1,444,444.44 principal amount (the “Principal Amount”) senior convertible promissory notes, carrying a 10% original issue discount (each, an “Additional Note” and, collectively, the “Additional Notes”)

View on SEC.gov

12 debt financings filed in the last 30 days. Browse all debt financings →

Nuvve Holding Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-036997

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.