debt
confidence high
sentiment negative
materiality 0.60
Nuvve issues $277,777 convertible note at $0.1384 conversion price, gross proceeds $250K
Nuvve Holding Corp.
- Issued $277,777 senior convertible note (10% OID) and warrant to purchase shares at $0.1384 per share.
- Note matures in 18 months, convertible at $0.1384; interest 8% (18% on default); floor price $0.528.
- Gross proceeds $250K; net proceeds for working capital and general corporate purposes.
- Registration statement to be filed within 15 days covering underlying shares.
- This is an exercise of Additional Investment Right from prior purchase agreement dated Oct 31, 2024.