debt
confidence high
sentiment neutral
materiality 0.55
Nuvve issues $1.67M additional convertible notes (10% OID) and warrants at $2.02/sh, net proceeds $1.5M
Nuvve Holding Corp.
- Principal amount $1,666,666.67; 10% original-issue discount; net proceeds $1.5M for working capital.
- Notes bear 8% interest (18% on default), mature in 18 months, extendable 6 months if conditions met.
- Conversion price $2.02/sh with full ratchet anti-dilution; floor $0.404.
- Warrants at $2.02/sh for up to 100% of underlying shares, exercisable for 5 years, cashless allowed.
- Monthly installments start Apr 30, 2025; payable in cash or stock if equity conditions satisfied.