Nuvve Holding Corp. effects 1-for-40 reverse stock split, reducing shares from 49.9M to 1.3M

Nuvve Holding Corp.

Reverse stock split at 1-for-40 ratio effective 5:00 PM ET on January 19, 2024; split-adjusted trading begins January 22, 2024.
Outstanding common shares reduced from ~49.9 million pre-split to ~1.3 million post-split; authorized shares unchanged.
Fractional shares rounded up to one whole share; outstanding warrants, stock options, and RSUs adjusted proportionately.
Stockholders approved reverse split up to 1:40 on January 5, 2024; board set final ratio at 1-for-40.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Nuvve Holding Corp.: Reverse stock split 1-for-40 via Certificate of Amendment to Amended and Restated Certificate of Incorporation (effective 2024-01-19).

Change: charter amendment
Effective: 2024-01-19

Exact text from the filing

On January 19, 2024, Nuvve Holding Corp. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Amended and Restated Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a ratio of 1-for-40 (the “Reverse Stock Split”).

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Nuvve Holding Corp. filing history →

Source: SEC EDGAR

accession 0001836875-24-000012

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