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Nuvve Announces Pricing of $14 Million Registered Direct Offering
SAN DIEGO--(BUSINESS WIRE)-- Nuvve Holding Corp. (the “Company” or Nuvve) (NASDAQ: NVVE) today announced the pricing of a registered direct offering of (i)
About this update from Nuvve Holding Corp.
[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nNuvve Holding Corp. (the “Company” or Nuvve) (NASDAQ: NVVE) today announced the pricing of a registered direct offering of (i) 2,150,000 shares of its common stock, at an offering price of $3.50 per share, (ii) pre-funded warrants to purchase 1,850,000 shares of its common stock at an offering price of 3.4999 per pre-funded warrant, which represents the per share offering price of its common stock less the $0.0001 per share exercise price for each pre-funded warrant and (iii) warrants to purchase 4,000,000 shares of its common stock, with a per share exercise price of $3.75, which are exercisable six months from closing for a period of five years.\n\nThe gross proceeds to the Company from this offering are expected to be approximately $14 million, before deducting placement agent fees and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The offering is expected to close on or about July 29, 2022, subject to the satisfaction of customary closing conditions.\n\nCraig-Hallum Capital Group LLC is acting as exclusive placement agent for the registered direct offering.\n\nA shelf registration statement on Form S-3 (File No. 333-264462) relating to the offering of the securities described above was filed with the Securities and Exchange Commission (the “SEC”) on April 22, 2022 and declared effective by the SEC on May 05, 2022. The shares may be offered only by means of a prospectus. A final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and made available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may also be obtained, when available, by contacting Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, Attn: Equity Capital Markets, by telephone at (612) 334-6300 or by e-mail at [email protected].\n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.\n\nAbout Nuvve Holding Corp.\...