Nuvve Holding Corp. Signs Material Definitive Agreement
Ticker: NVVEW · Form: 8-K · Filed: Jan 30, 2025 · CIK: 1836875
| Field | Detail |
|---|---|
| Company | Nuvve Holding CORP. (NVVEW) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $600,000, $400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, filing
TL;DR
Nuvve signed a big deal, filing an 8-K on Jan 24th.
AI Summary
Nuvve Holding Corp. announced on January 24, 2025, that it entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company, incorporated in Delaware, is headquartered in San Diego, California.
Why It Matters
This filing indicates a significant new agreement for Nuvve Holding Corp., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and their impact is not fully detailed in this initial filing.
Key Players & Entities
- Nuvve Holding Corp. (company) — Registrant
- January 24, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- San Diego, California (location) — Principal Executive Offices
- NB Merger Corp. (company) — Former Company Name
FAQ
What is the nature of the Material Definitive Agreement?
The filing states that Nuvve Holding Corp. entered into a Material Definitive Agreement on January 24, 2025, but the specific details of the agreement are not provided in this summary.
When was this agreement entered into?
The agreement was entered into on January 24, 2025.
What is Nuvve Holding Corp.'s principal executive office address?
Nuvve Holding Corp.'s principal executive offices are located at 2488 Historic Decatur Road, Ste 230, San Diego, California 92106.
What is Nuvve Holding Corp.'s IRS Employer Identification Number?
Nuvve Holding Corp.'s IRS Employer Identification Number is 86-1617000.
What was Nuvve Holding Corp.'s former company name?
Nuvve Holding Corp.'s former company name was NB Merger Corp.
Filing Stats: 719 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-30 16:22:28
Key Financial Figures
- $0.0001 — ich registered Common Stock, Par Value $0.0001 Per Share NVVE The Nasdaq Stock Market
- $600,000 — ump-sum payment to the Company equal to $600,000, contingent and payable upon the initia
- $400,000 — mpany an additional lump-sum payment of $400,000. The foregoing description of the Ter
Filing Documents
- nvve-20250124.htm (8-K) — 35KB
- nuvve-8xkex101terminationa.htm (EX-10.1) — 59KB
- 0001836875-25-000025.txt ( ) — 267KB
- nvve-20250124.xsd (EX-101.SCH) — 2KB
- nvve-20250124_def.xml (EX-101.DEF) — 16KB
- nvve-20250124_lab.xml (EX-101.LAB) — 27KB
- nvve-20250124_pre.xml (EX-101.PRE) — 16KB
- nvve-20250124_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 1.01. Regulation FD Disclosure. On January 24, 2025, Nuvve Holding Corp. (the "Company") entered into a Termination Agreement (the "Termination Agreement") with Switch EV Ltd. ("Switch"), relating to a license agreement (the "License Agreement"), dated March 27, 2023, by and between the Company and Switch and related ancillary agreements, including a software escrow agreement (the "Escrow Agreement"), dated October 19, 2023, by and among the Company, Switch and Escrow London Ltd. Pursuant to the Termination Agreement, the parties agreed to terminate the License Agreement, Escrow Agreement and related ancillary agreements thereunder and to release one another from any and all claims, liability and obligations under such agreements. As consideration for the Company entering into the Termination Agreement, Switch agreed to make a lump-sum payment to the Company equal to $600,000, contingent and payable upon the initial closing of a proposed transaction between Switch and a certain unrelated third party, as set forth in the Termination Agreement. Additionally, upon the occurrence of certain pricing-related conditions related to the transaction between Switch and the third party, Switch shall be obligated to pay the Company an additional lump-sum payment of $400,000. The foregoing description of the Termination Agreement is qualified in its entirety by reference to the Termination Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Termination Agreement, dated January 24, 2025, between Nuvve Holding Corp. and Switch EV Ltd . 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. * Pursuant to Item 601(a)(5) of Regulation S-K, the exhibits and schedules to Exhibit 10.1 have been omitted from this report and will be furnished supplementally to the SEC upon request. Certain confidential information contained in this document, marked by [***], has been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) the type of information that the registrant treats as private or confidential. 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 30, 2025 NUVVE HOLDING CORP. By: /s/ Gregory Poilasne Gregory Poilasne Chief Executive Officer 2