debt
confidence high
sentiment neutral
materiality 0.70
Nuvve issues $4.17M convertible notes (10% OID) and warrants at $0.78 conversion price
Nuvve Holding Corp.
- Gross proceeds of $3.75M from issuance of $4.17M principal amount of 8% senior convertible notes due 18 months.
- Notes and warrants convertible at $0.78/share, subject to full ratchet antidilution with $0.528 floor price.
- Monthly installments begin July 31, 2025; payable cash or stock if equity conditions met.
- Warrants exercisable for 100% of underlying shares, expire in 5 years; interest rises to 18% upon default.
- Net proceeds intended for working capital and general corporate purposes.
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