debt
confidence high
sentiment neutral
materiality 0.50
Nuvve issues $111K convertible note and warrant at $0.1711/share
Nuvve Holding Corp.
- Additional convertible note principal $111,111.11 with 10% OID, convertible at $0.1711/share, matures 18 months.
- Additional warrant for 100% of shares issuable on conversion, exercise price $0.1711/share, 5-year term.
- Gross proceeds $100,000; net proceeds for working capital and general corporate purposes.
- Interest 8% per annum (18% on default); monthly installments payable in cash or stock at Company's option.
- Full ratchet anti-dilution protection on conversion price and exercise price, subject to Nasdaq limitations.
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