secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nuvve Holding Corp. (NVVE)
CIK:        0001836875
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001213900-25-036997
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuvve issues $1.44M convertible notes and warrants in second tranche of October 2024 financing
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836875/000121390025036997/0001213900-25-036997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836875/000121390025036997/ea0239899-8k_nuvve.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-036997

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer