debt
confidence high
sentiment neutral
materiality 0.25
Nuvve issues $111k convertible note with warrants; gross proceeds $100k
Nuvve Holding Corp.
- Issued $111,111.11 principal senior convertible note with 10% OID, convertible at $3.88/share.
- Note matures in 18 months, bears 8% interest (18% on default), monthly installments starting Feb 2026.
- Warrants exercisable for up to 100% of conversion shares at $3.88, 5-year term, full ratchet anti-dilution.
- Net proceeds (~$100k) for working capital and general corporate purposes.
- Issuance under prior October 2024 purchase agreement via additional investment right.