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Nuvve Holding Corp. Announces Pricing of Public Offering of Common Stock to Launch HYPE Treasury Strategy
SAN DIEGO--(BUSINESS WIRE)-- Nuvve Holding Corp. (Nasdaq: NVVE) (the “Company” or “Nuvve”), a global leader in vehicle-to-grid (V2G) technology and grid
About this update from Nuvve Holding Corp.
[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nNuvve Holding Corp. (Nasdaq: NVVE) (the “Company” or “Nuvve”), a global leader in vehicle-to-grid (V2G) technology and grid modernization, today announced the pricing of its previously announced underwritten public offering of 5,029,403 shares of its common stock (or common stock equivalents) at a public offering price of $0.95 per share for expected gross proceeds of approximately $4.8 million before deducting underwriting discounts and commissions and offering expenses. The Company intends to use a portion of the net proceeds from this offering for advancing its expansion of its corporate treasury strategy to include HYPE, the native token of Hyperliquid, a fast-growing decentralized exchange (DEX) and Layer-1 blockchain.\n\n\n“We see Hyperliquid as a standout in today’s DeFi landscape, combining deep liquidity, rapid innovation, and a growing user base,” said Gregory Poilasne, CEO of Nuvve. “This allocation aligns with our previously announced commitment to pursuing a cryptocurrency strategy and our conviction that digital infrastructure, like blockchain and tokenized platforms, will increasingly power the energy and financial systems of tomorrow.”\n\n\nThe purchase of HYPE is expected to be made through the Company’s previously announced digital asset subsidiary, in line with its previously disclosed digital treasury strategy of allocating up to 50% of its cryptocurrency portfolio to digital assets as determined by management.\n\n\n“Hyperliquid’s HYPE token stands out as a game-changer in DeFi in our view,” said James Altucher, Board member of Nuvve and previously announced strategic advisor to Nuvve in relation to the Company’s crypto treasury strategy. “It’s one of the fastest growing Layer-1 blockchains, and we believe its significant trading volume demonstrates a robust platform that prioritizes community and real utility, making it a cornerstone for the future of crypto and decentralized finance.”\n\n\n“Our move to incorporate HYPE into our digital treasury strategy is part of our ongoing strategic commitment to financial and energy innovation,” added Poilasne. “We believe Hyperliquid has the potential to become a foundational platform in tomorrow’s decentralized economy, one that aligns with our vision for a cleaner, smarter, and more resilient future.”\n\n\nLucid Capital Markets is actin...