Nuvve terminates $15.7M fleet electrification pact with FEOC; disputes termination notice

Nuvve Holding Corp.

Master services agreement with Fresno Economic Opportunities Commission terminated effective Feb 11, 2026.
Total possible fees under the agreement were approximately $15.7 million for fleet electrification services.
Company disputes FEOC's termination and has reserved its rights; negotiations ongoing for costs owed.
No assurance on amount Nuvve will ultimately receive for services already provided before termination.
Company no longer believes the business relationship contemplated by the agreement will continue.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nuvve Holding Corp. terminated master services agreement with Fresno Economic Opportunities Commission valued at approximately $15.7 million (effective 2026-02-11).

Action: termination
Counterparty: Fresno Economic Opportunities Commission
Value: approximately $15.7 million
Effective: 2026-02-11

Exact text from the filing

On February 11, 2026, Nuvve Holding Corp. (the “Company”) determined that the master services agreement, dated May 14, 2024 (the “Agreement”), by and between the Company and Fresno Economic Opportunities Commission (the “FEOC”) had been effectively terminated

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Source: SEC EDGAR

accession 0001836875-26-000014

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