other material
confidence high
sentiment neutral
materiality 0.75
Nuvve exchanges warrants for 13.1M shares; terminates ELOC and additional investment rights
Nuvve Holding Corp.
- Exchanged up to 23.8M outstanding warrants (exercise price $0.4734) for 13.1M common shares or pre-funded warrants at $0.0001.
- Holders irrevocably terminated Additional Investment Rights for up to $20M in gross proceeds; waived AIR Obligation.
- Terminated $25M ELOC agreement effective at closing; notice requirements waived.
- Amended Series A Preferred Stock to remove Floor Price limitation on conversion adjustments, subject to stockholder approval by July 27, 2026.
- Registration Rights Agreement: file resale registration within 5 days, effective in 30; liquidated damages 1.5% if missed.