Nuvve Holding Corp. (NVVE): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuvve Holding Corp. incurred convertible notes of aggregate of $1,666,666.67 principal amount with certain accredited institutional and individual investors at 8.0% per annum, increasing to 18.0% per annum upon an event of default maturing 18 months from the date of issuance, with a possible extension of up to six additional months.

Instrument: convertible notes
Principal: aggregate of $1,666,666.67 principal amount
Counterparty: certain accredited institutional and individual investors
Rate: 8.0% per annum, increasing to 18.0% per annum upon an event of default
Maturity: 18 months from the date of issuance, with a possible extension of up to six additional months
Event: incurrence

Exact text from the filing

on March 5, 2025, the Company issued to certain Investors (i) an aggregate of $1,666,666.67 principal amount (the “Principal Amount”) senior convertible promissory notes, carrying a 10% original issue discount (each, an “Additional Note” and, collectively, the “Additional Notes”), convertible into shares of Common Stock, and (ii) accompanying warrants (the “Additional Warrants”) to purchase shares of Common Stock (the “AIR Issuance”).

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11 debt financings filed in the last 30 days. Browse all debt financings →

Nuvve Holding Corp. filing history →

Source: SEC EDGAR

accession 0001836875-25-000057

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