Nuvve (NVVE) Delisted from Nasdaq on Jan 19, 2024

TL;DR

**Nuvve (NVVE) got delisted from Nasdaq, expect rough trading ahead.**

AI Summary

Nuvve Holding Corp. (NVVE) filed an 8-K on January 22, 2024, reporting that on January 19, 2024, its Common Stock and Warrants were delisted from The Nasdaq Stock Market LLC. This delisting means NVVE no longer meets Nasdaq's listing requirements, which is a significant negative signal for current and potential investors as it often indicates financial distress or operational issues, potentially leading to reduced liquidity and investor confidence.

Why It Matters

Delisting from Nasdaq can severely impact a stock's liquidity and investor confidence, making it harder to buy or sell shares and potentially leading to a lower stock price.

Risk Assessment

Risk Level: high — Delisting from a major exchange like Nasdaq significantly increases investment risk due to reduced liquidity, potential for lower stock price, and loss of institutional investor interest.

Analyst Insight

Investors should consider the significant risks associated with Nuvve Holding Corp. due to its delisting from Nasdaq, which often leads to decreased liquidity and potential further stock price depreciation. Existing shareholders might evaluate selling their positions, while new investors should exercise extreme caution.

Key Players & Entities

• Nuvve Holding Corp. (company) — the registrant whose securities were delisted
• The Nasdaq Stock Market LLC (company) — the exchange from which Nuvve's securities were delisted
• Common Stock, Par Value $0.0001 Per Share (security) — one of the classes of securities delisted
• Warrants to Purchase Common Stock (security) — the other class of securities delisted
• January 19, 2024 (date) — the date of the earliest event reported, specifically the delisting

Forward-Looking Statements

• Nuvve Holding Corp.'s stock price will experience increased volatility and a potential decline due to reduced liquidity and investor confidence following the Nasdaq delisting. (Nuvve Holding Corp.) — high confidence, target: Q1 2024
• Nuvve Holding Corp. will likely trade on an over-the-counter (OTC) market, which typically has less stringent reporting requirements and lower trading volumes. (Nuvve Holding Corp.) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, Par Value $0.0001 Per Share NVVE The Nasdaq Stock Market

Filing Documents

• nvve-20240119.htm (8-K) — 37KB
• nvve-exx31xcertificateofam.htm (EX-3.1) — 10KB
• 0001836875-24-000012.txt ( ) — 220KB
• nvve-20240119.xsd (EX-101.SCH) — 2KB
• nvve-20240119_def.xml (EX-101.DEF) — 16KB
• nvve-20240119_lab.xml (EX-101.LAB) — 31KB
• nvve-20240119_pre.xml (EX-101.PRE) — 17KB
• nvve-20240119_htm.xml (XML) — 4KB

03. Material Modifications to Rights of Security Holders

Item 3.03. Material Modifications to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.

03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On January 19, 2024, Nuvve Holding Corp. (the "Company") filed a Certificate of Amendment (the "Certificate of Amendment") to the Amended and Restated Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company's common stock, par value $0.0001 per share (the "Common Stock"), at a ratio of 1-for-40 (the "Reverse Stock Split"). The Certificate of Amendment provided that the Reverse Stock Split became effective as of 5:00 P.M. Eastern Time on January 19, 2024 (the "Effective Time"), at which time every forty (40) shares of issued and outstanding Common Stock were automatically combined into one (1) issued and outstanding share of Common Stock, without any change in the par value per share. The Certificate of Amendment provides that in the event a stockholder would otherwise be entitled to receive a fraction of a share of Common Stock, such stockholder shall receive one whole share of Common Stock in lieu of such fractional share and no fractional shares shall be issued. Trading of the Common Stock on the Nasdaq Capital Market on a split-adjusted basis commenced at market open on January 22, 2024. The new CUSIP number for the Common Stock following the reverse stock split is 67079Y209. As a result of the Reverse Stock Split, the issued and outstanding shares of Common Stock were decreased from approximately 49.9 million pre-split shares to approximately 1.3 million post-split shares. The Reverse Stock Split did not change the number of authorized shares of the Common Stock. The Reverse Stock Split will apply to the Company's outstanding warrants, stock options and restricted stock units. The number of shares of Common Stock into which these outstanding securities are convertible or exercisable will be adjusted proportionately as a result of the Reverse Stock Split. The exercise prices of any o

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 3.1 Certificate of Amendment to Amended and Restated Certificate of Incorporation of Nuvve Holdings Corp. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 22, 2024 NUVVE HOLDING CORP. By: /s/ Gregory Poilasne Gregory Poilasne Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR