Empery Asset Management Discloses 7.5M Share Stake in Nuvve (NVVE)

TL;DR

**Empery Asset Management just revealed a huge stake in Nuvve, signaling a bullish outlook!**

AI Summary

Empery Asset Management, LP, a Delaware-based investment firm, has disclosed a significant stake in Nuvve Holding Corp. (NVVE), a company focused on power distribution and specialty transformers. As of December 31, 2023, Empery beneficially owns 3,009,137 shares of Nuvve's Common Stock with shared voting power, and an additional 4,503,962 shares issuable upon the exercise of warrants. This combined holding represents a substantial position, indicating Empery's confidence in Nuvve's future, which could signal potential growth to current and prospective investors.

Why It Matters

This filing reveals a major institutional investor's belief in Nuvve, potentially boosting investor confidence and signaling future growth prospects for the stock.

Risk Assessment

Risk Level: low — The filing of an SC 13G by an institutional investor generally indicates a passive investment, which is typically a low-risk event for existing shareholders.

Analyst Insight

A smart investor would view this as a positive signal, potentially researching Nuvve Holding Corp.'s fundamentals and market position to understand why a major asset manager like Empery Asset Management, LP has taken such a substantial position, and consider it as a factor in their investment decision.

Key Numbers

• 3,009,137 — Common Stock Shares (Shares of Nuvve Holding Corp. Common Stock beneficially owned by Empery Asset Management, LP with shared voting power.)
• 4,503,962 — Warrant Shares (Shares of Nuvve Holding Corp. Common Stock issuable upon exercise of Warrants, beneficially owned by Empery Asset Management, LP.)
• 7,513,099 — Total Potential Shares (Combined total of Common Stock and warrant-exercisable shares beneficially owned by Empery Asset Management, LP.)

Key Players & Entities

• Empery Asset Management, LP (company) — the reporting person, an investment firm
• Nuvve Holding Corp. (company) — the subject company, a power distribution firm
• Delaware (company) — place of organization for Empery Asset Management, LP
• December 31, 2023 (date) — date of event requiring the filing
• 3,009,137 shares (dollar_amount) — shares of Common Stock with shared voting power
• 4,503,962 shares (dollar_amount) — shares of Common Stock issuable upon exercise of Warrants

Forward-Looking Statements

• Nuvve Holding Corp. (NVVE) stock price may experience increased investor interest due to the significant institutional stake disclosed by Empery Asset Management, LP. (Nuvve Holding Corp.) — medium confidence, target: Q1 2024
• Empery Asset Management, LP will maintain or increase its stake in Nuvve Holding Corp. over the next year, signaling continued confidence in the company's long-term prospects. (Empery Asset Management, LP) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 (Title of Class of Securities) 67079

Filing Documents

• p24-0052sc13g.htm (SC 13G) — 79KB
• 0000902664-24-000085.txt ( ) — 81KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Nuvve Holding Corp. (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 2468 Historic Decatur Road, San Diego, CA 92106.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by the entities and persons listed below, who are collectively referred to herein as " Reporting Persons ," with respect to the Common Stock (as defined in Item 2(d) below) of the Company: Investment Manager (i)Empery Asset Management, LP (the " Investment Manager "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants (as defined below) held by, funds to which the Investment Manager serves as investment manager (the " Empery Funds "). Reporting Individuals (ii)Mr. Ryan M. Lane (" Mr. Lane "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants held by, the Empery Funds. (iii)Mr. Martin D. Hoe (" Mr. Hoe "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants held by, the Empery Funds. The Investment Manager serves as the investment manager to each of the Empery Funds. Each of Mr. Lane and Mr. Hoe (the " Reporting Individuals ") is a Managing Member of Empery AM GP, LLC (the " General Partner "), the general partner of the Investment Manager.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is: 1 Rockefeller Plaza, Suite 1205 New York, New York 10020 CUSIP No. 67079Y100 13G Page 6 of 10 Pages

(c)

Item 2(c). CITIZENSHIP: Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.0001 (the " Common Stock ")

(e)

Item 2(e). CUSIP NUMBER: 67079Y100 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) ¨ Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). CUSIP No. 67079Y100 13G Page 7 of 10 Pages If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information as of the date of the event which requires filing of this statement required by Items 4(a) – (c) is set forth in Rows 5 – 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in Row 11 of the cover page for each Reporting Person is based on 44,950,259 shares of Common Stock issued and outstanding as of December 1, 2023, as represented in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 11, 2023 and assumes the exercise of the Company's reported warrants (the " Re

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: January 9, 2024 EMPERY ASSET MANAGEMENT, LP By: EMPERY AM GP, LLC, its General Partner By: /s/ Ryan M. Lane Name: Ryan M. Lane Title: Managing Member /s/ Ryan M. Lane Ryan M. Lane /s/ Martin D. Hoe Martin D. Hoe CUSIP No. 67079Y100 13G Page 10 of 10 Pages EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: January 9, 2024 EMPERY ASSET MANAGEMENT, LP By: EMPERY AM GP, LLC, its General Partner By: /s/ Ryan M. Lane Name: Ryan M. Lane Title: Managing Member /s/ Ryan M. Lane Ryan M. Lane /s/ Martin D. Hoe Martin D. Hoe

View Full Filing

View this SC 13G filing on SEC EDGAR