secwatch.observer — SEC 8-K summary
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Issuer:     Nuvve Holding Corp. (NVVE)
CIK:        0001836875
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001836875-24-000026
Event type: litigation
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuvve settles Rhombus arbitration for $2.86M; regains Nasdaq bid price compliance
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- Agreed to pay Rhombus $0.46M within 15 days for initial V2G chargers; $2.4M for additional chargers upon shipment.
- 50% of $2.4M due within 12 months, remainder within 24 months; all claims released and dismissed.
- Regained compliance with Nasdaq minimum bid price rule after 10 consecutive business days above $1.00.
- Nasdaq notified compliance on Feb 5, 2024, resolving prior delisting risk from bid price deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836875/000183687524000026/0001836875-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836875/000183687524000026/nvve-20240202.htm
  HTML page:      https://secwatch.observer/filing/0001836875-24-000026

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