Nuvve Holding Corp. Faces Delisting Concerns
Ticker: NVVEW · Form: 8-K · Filed: May 24, 2024 · CIK: 1836875
| Field | Detail |
|---|---|
| Company | Nuvve Holding CORP. (NVVEW) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $2,500,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, compliance, regulatory
TL;DR
Nuvve might get delisted, check their latest filings.
AI Summary
Nuvve Holding Corp. filed an 8-K on May 24, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The filing also includes financial statements and exhibits. The company's principal executive offices are located at 2488 Historic Decatur Road, Ste 200, San Diego, California.
Why It Matters
This filing indicates potential issues with Nuvve Holding Corp.'s compliance with stock exchange listing requirements, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe consequences for a company's stock.
Key Players & Entities
- Nuvve Holding Corp. (company) — Registrant
- May 22, 2024 (date) — Earliest event reported
- May 24, 2024 (date) — Date of report
- 2488 Historic Decatur Road, Ste 200 San Diego, California 92106 (location) — Principal Executive Offices
FAQ
What specific listing rule or standard has Nuvve Holding Corp. failed to satisfy?
The filing does not specify the exact rule or standard that Nuvve Holding Corp. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What are the implications of this notice for Nuvve Holding Corp.'s stock trading?
A notice of delisting or failure to satisfy listing standards typically signals potential trading disruptions or the eventual removal of the stock from its current exchange, which can negatively impact liquidity and investor confidence.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on May 22, 2024.
What is the address of Nuvve Holding Corp.'s principal executive offices?
The principal executive offices of Nuvve Holding Corp. are located at 2488 Historic Decatur Road, Ste 200, San Diego, California 92106.
What other items are included in this 8-K filing besides the notice of delisting?
In addition to the notice of delisting or failure to satisfy a continued listing rule or standard, the filing also includes Financial Statements and Exhibits.
Filing Stats: 654 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-05-24 17:07:44
Key Financial Figures
- $0.0001 — ich registered Common Stock, Par Value $0.0001 Per Share NVVE The Nasdaq Stock Market
- $2,500,000 — aining stockholders' equity of at least $2,500,000 for continued inclusion on The Nasdaq C
Filing Documents
- nvve-20240522.htm (8-K) — 33KB
- 0001836875-24-000057.txt ( ) — 196KB
- nvve-20240522.xsd (EX-101.SCH) — 2KB
- nvve-20240522_def.xml (EX-101.DEF) — 16KB
- nvve-20240522_lab.xml (EX-101.LAB) — 27KB
- nvve-20240522_pre.xml (EX-101.PRE) — 16KB
- nvve-20240522_htm.xml (XML) — 4KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On May 22, 2024, Nuvve Holding Corp. (the "Company") received written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not currently in compliance with the requirement of maintaining stockholders' equity of at least $2,500,000 for continued inclusion on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(b)(1) (the "Stockholders' Equity Rule"). In the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2024, the Company reported stockholders' equity of less than $2,500,000. The Notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol "NVVE". The Notice indicated that, in accordance with Nasdaq rules, the Company has 45 calendar days from the date of the Notice to submit a plan to regain compliance with the Stockholders' Equity Rule (the "Compliance Plan"). If the Compliance Plan is accepted by Nasdaq, the Company may be granted an extension of up to 180 calendar days from the date of the Notice, or until November 18, 2024, to evidence compliance. If Nasdaq does not accept the Compliance Plan, the Company will have the opportunity to appeal Nasdaq's determination to a Nasdaq Hearings Panel. The Company intends to submit a Compliance Plan to Nasdaq and regain compliance within the applicable compliance period.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 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: May 24, 2024 NUVVE HOLDING CORP. By: /s/ Gregory Poilasne Gregory Poilasne Chief Executive Officer 2