debt
confidence high
sentiment negative
materiality 0.40
Nuvve gets $1.5M from additional notes/warrants; amends purchase agreement
Nuvve Holding Corp.
- Buyers exercised Additional Investment Right for $1.5M aggregate purchase; close expected March 3, 2025.
- Fifth Amendment to Oct 2024 purchase agreement allows exercise of right on or after Feb 28, 2025.
- Conversion/exercise price set at 95% of avg of 5 lowest trading prices in prior 10 days.
- Up to $12.5M aggregate additional notes/warrants available under the right; CEO among buyers.