Nuvve Holding Corp. Terminates Material Agreement
Ticker: NVVEW · Form: 8-K · Filed: Oct 18, 2024 · CIK: 1836875
| Field | Detail |
|---|---|
| Company | Nuvve Holding CORP. (NVVEW) |
| Form Type | 8-K |
| Filed Date | Oct 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, 8-k
TL;DR
Nuvve terminated a big deal, filing an 8-K today.
AI Summary
Nuvve Holding Corp. announced on October 15, 2024, the termination of a material definitive agreement. The company, incorporated in Delaware, filed this 8-K report with the SEC.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material agreement can signal underlying business issues or a shift in strategy, introducing uncertainty.
Key Players & Entities
- Nuvve Holding Corp. (company) — Registrant
- October 15, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 2488 Historic Decatur Road, Ste 200 San Diego, California 92106 (address) — Principal Executive Offices
FAQ
What specific material definitive agreement was terminated by Nuvve Holding Corp.?
The filing states that a material definitive agreement was terminated, but does not specify which agreement in the provided text.
When was the termination of the material definitive agreement officially reported?
The termination was reported on October 15, 2024, as the date of the earliest event reported.
In which state is Nuvve Holding Corp. incorporated?
Nuvve Holding Corp. is incorporated in Delaware.
What is the principal executive office address for Nuvve Holding Corp.?
The principal executive office address is 2488 Historic Decatur Road, Ste 200 San Diego, California 92106.
What is the filing type and accession number for this report?
The filing type is Form 8-K, and the accession number is 0001836875-24-000095.
Filing Stats: 574 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-10-18 17:17:43
Key Financial Figures
- $0.0001 — ich registered Common Stock, Par Value $0.0001 Per Share NVVE The Nasdaq Stock Market
Filing Documents
- nvve-20241015.htm (8-K) — 33KB
- 0001836875-24-000095.txt ( ) — 196KB
- nvve-20241015.xsd (EX-101.SCH) — 2KB
- nvve-20241015_def.xml (EX-101.DEF) — 16KB
- nvve-20241015_lab.xml (EX-101.LAB) — 27KB
- nvve-20241015_pre.xml (EX-101.PRE) — 16KB
- nvve-20241015_htm.xml (XML) — 4KB
02. Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement As previously announced on August 4, 2021, Nuvve Holding Corp. (the "Company") formed a joint venture, Levo Mobility LLC ("Levo," and such joint venture, the "Levo Joint Venture"), with Stonepeak Rocket Holdings LP, a Delaware limited partnership ("Stonepeak"), and Evolve Transition Infrastructure LP, a Delaware limited partnership ("Evolve," and together with Stonepeak, the "Investors"). In connection with the Levo Joint Venture, on August 4, 2021 (the "Joint Venture Date"), the Company's wholly owned operating subsidiary, Nuvve Corporation ("Nuvve"), and the Investors entered into an Amended and Restated Limited Liability Company Agreement for Levo (the "Levo LLCA"). On October 15, 2024 (the "Closing Date" or "Closing"), Nuvve, Stonepeak, and Evolve entered into a Limited Liability Company Interest Sale Agreement (the "Sale Agreement"), pursuant to which Stonepeak and Evolve sold their combined 49% membership interest in Levo to Nuvve for a de minimis price. As a result of the Closing, Nuvve became the 100% owner of Levo. The Sale Agreement contains customary representations, warranties, and covenants.
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: October 18, 2024 NUVVE HOLDING CORP. By: /s/ Gregory Poilasne Gregory Poilasne Chief Executive Officer 2