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.

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