Nuvve sells 4.65% Dreev stake to EDF for €800K; enters IP cross-license

Nuvve Holding Corp.

Sold all 74,389 Dreev shares (4.65% stake) to EDF for €800,000 lump sum; closing Oct 8, 2025.
Cross-license: Nuvve grants Dreev exclusive, fully paid-up V2G software license in Europe; reciprocal license from Dreev.
Patents assigned back to Nuvve; Nuvve grants Dreev exclusive, sublicensable license for V2G patents in territory; Nuvve restricted from using patents in territory.
Previous JV shareholders' agreement and IP arrangements superseded; Dreev becomes wholly owned by EDF.
Confidentiality period of 5 years; disputes governed by French law.

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