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Nuvve Holding Corp. Announces Closing of $2.066 Million Registered Direct Offering Priced At-the-Market
SAN DIEGO, Oct. 27, 2023 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE) ("Nuvve"), a global technology leader accelerating the electrification of
About this update from Nuvve Holding Corp.
[{"type":"text","content":"SAN DIEGO, Oct. 27, 2023 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE) (\"Nuvve\"), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today announced the closing of its previously announced definitive agreement with a single institutional investor for the purchase and sale of 13,772,940 shares of common stock and pre-funded warrants to acquire common stock in a registered direct offering. The purchase price of each share was $0.15. The purchase price for the pre-funded warrants was equivalent to the purchase price for the shares, less the exercise price of $0.0001. The aggregate gross proceeds to the Company were $2.066 million.\n\n \n \n \n \n \n \n\n \nAegis Capital Corp. acted as the Exclusive Placement Agent.\nThe registered direct offering was made pursuant to an effective shelf registration statement on Form S-3 (No. 333-264462) declared effective by the U.S. Securities and Exchange Commission (the \"SEC\") on May 5, 2022. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering was filed with the SEC and is available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at [email protected], or by telephone at (212) 813-1010.\nBefore investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Nuvve Holding Corp.\nNuvve (Nasdaq: NVVE) is a global technology leader accelerating the electrification of transportation thro...