Announcement • May 26
Nuvve Holding Corp. Receives Receipt of Nasdaq Notice on Late Filing of Its Form 10-Q On May 22, 2026, Nuvve Holding Corp. (the Company) received written notice (the Notice) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that, since the Company had not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the Report), it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) (the Rule) relating to the Company's obligation to file periodic financial reports for continued listing. The Notice stated that this matter serves as an additional basis for delisting the Company's securities from Nasdaq. The Notice further stated that the Company can request an appeal from Nasdaq's Hearings Panel (the Panel) and a request for a hearing regarding a delinquent filing will stay the suspension of the Company's securities only for a period of 15 days from the date of the request. The Notice further stated that since the Company is already before the Panel because the closing price for the Company's common stock had fallen below $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2), the Company will have seven days, or until May 29, 2026, to request a stay of the suspension, pending the Panel's decision and then the Panel will review the request for an extended stay and notify the Company of its conclusion as soon as is practicable, but in any event no later than 15 calendar days following the deadline to request a further stay. The Company intends to timely request a stay of suspension, pending a decision from the Panel. The Company is working to satisfy Nasdaq's requirements in a timely manner. In the event that the Company regains compliance with the Rule prior to any scheduled hearing date, then a hearing may not be necessary, as the Company may be mooted out of the hearings process. The Company intends to take all reasonable measures available to regain compliance under the Rule and remain listed on Nasdaq. Announcement • May 16
Nuvve Holding Corp. announced delayed 10-Q filing On 05/15/2026, Nuvve Holding Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 08
Nuvve Holding Corp. to Report Q1, 2026 Results on May 15, 2026 Nuvve Holding Corp. announced that they will report Q1, 2026 results After-Market on May 15, 2026 Announcement • Apr 25
Nuvve Holding Corp. Receives Non-Compliance Notice from the Nasdaq Stock Market LLC On April 20, 2026, Nuvve Holding Corp. (the Company) received written notice (the Notice) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that, because the closing price for the Company's common stock had fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the Bid Price Rule). Further, the Notice stated that, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for any compliance period specified in Rule 5810(c)(3)(A) due to the fact that the Company has effected a reverse stock split over the prior one-year period and has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. The Notice stated that the Company's securities will be suspended from trading on The Nasdaq Capital Market at the opening of business on April 29, 2026, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market, unless the Company requests an appeal of such determination to Nasdaq's Hearings Panel (the Panel) by April 27, 2026. The Company intends to timely request a hearing before the Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period if granted by the Panel following the hearing. In the event that the Company regains compliance with the Bid Price Rule prior to any scheduled hearing date, then a hearing may not be necessary, as the Company may be mooted out of the hearings process. The Company intends to take all reasonable measures available to regain compliance under the Bid Price Rule and remain listed on Nasdaq. There can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able to regain compliance and thereafter maintain its listing on Nasdaq. Announcement • Apr 23
NUVVE Japan K.K. Secures Second Milestone Payment for Mino Battery Energy Storage System Project NUVVE JAPAN K.K. has successfully reached its second financial milestone for the 2MW /8MWh Battery Energy Storage System (BESS) project in Mino City, Gifu Prefecture. Following the definitive sales agreement announced in March, NVJ has received a second payment of JPY 200 million ($1.29 million). This follows the initial deposit of JPY 143.91 million, bringing the total capital received to date to approximately 66% of the total contract value of JPY 520 million ($3.35 million). The receipt of this second payment signals the successful completion of the procurement phase and the transition into the primary installation stage. NVJ confirms that the project remains firmly on track for its anticipated operational debut in the Fourth Quarter of 2026. Once operational, the facility will be integrated into the Nuvve GIVe platform. This sophisticated aggregation software will allow the Mino project to participate in the Supply and Demand Adjustment Market: Providing high-precision frequency regulation and JEPX (Japan Electric Power Exchange): Optimizing energy arbitrage and wholesale trading. By maintaining the Operations and Maintenance (O&M) and aggregation services, NVJ ensures a long-term partnership with the asset owner, generating recurring revenue while contributing to the stability of the regional energy infrastructure in Gifu Prefecture. Milestone: Contract Execution /Deposit Completed (March 2026) JPY 143,910,000; Second Milestone Payment Completed (April 17, 2026) JPY 200,000,000; Site Commissioning Scheduled (Third Quarter/Fourth Quarter 2026) Remaining Balance; Full Operational Status Expected (Fourth Quarter 2026). NVJ continues to pursue additional front-of-the-meter projects across Japan, leveraging this 2MW/8MWh blueprint to assist domestic enterprises and local governments in meeting the nation’s 2030 carbon neutrality targets. New Risk • Apr 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$17m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$17m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Shareholders have been substantially diluted in the past year (over 18x increase in shares outstanding). Market cap is less than US$10m (US$861.9k market cap). Minor Risk Revenue is less than US$5m (US$4.8m revenue). Reported Earnings • Apr 04
Full year 2025 earnings released: US$75.65 loss per share (vs US$1,077 loss in FY 2024) Full year 2025 results: US$75.65 loss per share. Revenue: US$4.79m (down 9.3% from FY 2024). Net loss: US$30.8m (loss widened 77% from FY 2024). Announcement • Mar 26
Nuvve Holding Corp. to Report Q4, 2025 Results on Mar 31, 2026 Nuvve Holding Corp. announced that they will report Q4, 2025 results on Mar 31, 2026 Announcement • Jan 14
Nuvve Holding Corp. Appoints Jon M. Montgomery as Chairperson of the Board, Effective January 13, 2026 Nuvve Holding Corp. confirmed the appointment of Jon M. Montgomery as the Chairperson of the Board, effective January 13, 2026. As previously disclosed, Mr. Montgomery was previously appointed as Interim Chairperson of the Board. Mr. Montgomery has served as a member of the Board since November 2020 and is currently the chair of the Nominating and Corporate Governance Committee of the Board and a member of the Audit and the Compensation Committees of the Board. Announcement • Jan 08
Nuvve Holding Corp. Announces Resignation of Director James Altucher, Effective January 7, 2026 Nuvve Holding Corp. On January 7, 2026, James Altucher informed the Board of Directors of Nuvve Holding Corp. of his decision to resign from the Board, effective January 7, 2026. Mr. Altucher's decision to resign from the Board is not a result of any disagreement with the Company or any matter relating to the Company's operations, policies or practices. Recent Insider Transactions • Dec 03
Co-Founder recently sold US$74k worth of stock On the 1st of December, Gregory Poilasne sold around 326k shares on-market at roughly US$0.23 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by US$168k. Reported Earnings • Nov 16
Third quarter 2025 earnings released: US$0.24 loss per share (vs US$2.47 loss in 3Q 2024) Third quarter 2025 results: US$0.24 loss per share. Revenue: US$1.60m (down 17% from 3Q 2024). Net loss: US$4.51m (loss widened 173% from 3Q 2024). Announcement • Nov 15
Nuvve Holding Corp. announced that it expects to receive $29.5 million in funding Nuvve Holding Corp. announced it has entered into a Securities Purchase Agreement with certain investors on November 14, 2025. The company will issue 5,000 Series A Convertible Preferred Stock at an issue price of $900 and 10% discount and warrants to purchase up to a number of shares of common stock of the Company equal to 100% of the shares of Common Stock issuable upon conversion of the shares of Preferred Stock for aggregate gross proceeds of $4,500,000. The closing of the Offering shall take place upon the receipt of the Shareholder Approval, and the satisfaction of certain customary conditions contained in the Securities Purchase Agreement.
On the same day the company also entered into a common shares purchase agreement with one of the Investors. Pursuant to agreement, the company has the right, from time to time at its option to sell to the Investor up to $25 million of its Common Stock . In consideration for the Investor’s execution and delivery of the ELOC Agreement, the Company agreed to issue to the Investor a pre-funded warrant to purchase 2,221,235 of shares of Common Stock as a commitment fee. Announcement • Nov 01
Nuvve Holding Corp. Receives Extension by Nasdaq's Hearings Panel to Regain Compliance by December 31, 2025 As previously disclosed, on August 27, 2025, Nuvve Holding Corp. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing price for the Company’s common stock had fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2) (the “Bid Price Rule”). Further, the Notice stated that, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for any compliance period specified in Rule 5810(c)(3)(A) due to the fact that the Company has effected a reverse stock split over the prior one-year period and has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. The Notice also stated that since the Company remains noncompliant with the $2,500,000 minimum stockholders’ equity rule under Listing Rule 550(b)(1) (the “Equity Rule”), such noncompliance with the Equity Rule serves as an additional and separate basis for delisting. On September 3, 2025, the Company timely requested a hearing with the Nasdaq’s Hearings Panel (the “Panel”), which request stayed any further suspension or delisting action by Nasdaq at least pending the ultimate conclusion of the hearing process. On October 28, 2025, the Panel informed the Company that it had granted the Company’s requested extension to regain compliance by December 31, 2025, subject to certain conditions and requirements as a result of the hearing with the Panel. While the Company intends to pursue its plan to regain compliance as presented to the Panel, there can be no assurance that the Company will be able to regain compliance and thereafter maintain its listing on Nasdaq. Announcement • Oct 31
Nuvve Holding Corp. to Report Q3, 2025 Results on Nov 13, 2025 Nuvve Holding Corp. announced that they will report Q3, 2025 results on Nov 13, 2025 Announcement • Sep 04
Nuvve Holding Corp. Receives Written Notice from the Listing Qualifications Department of the Nasdaq Stock Market Regarding Bid Price Rule On August 27, 2025, Nuvve Holding Corp. (the Company") received written notice (the Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, because the closing price for the Company's common stock had fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2) (the Bid Price Rule"). Further, the Notice stated that, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for any compliance period specified in Rule 5810(c)(3)(A) due to the fact that the Company has effected a reverse stock split over the prior one-year period and has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. The Notice also stated that since the Company remains noncompliant with the $2,500,000 minimum stockholders' equity rule under Listing Rule 550(b)(1) (the Equity Rule"), such noncompliance with the Equity Rule serves as an additional and separate basis for delisting. The Notice stated that the Company's securities will be suspended from trading on The Nasdaq Capital Market at the opening of business on September 5, 2025, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market, unless the Company requests an appeal of such determination to Nasdaq's Hearings Panel (the Panel") by September 3, 2025. On September 3, 2025, the Company timely requested a hearing with the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending the ultimate conclusion of the hearing process. There can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able to regain compliance and thereafter maintain its listing on Nasdaq. Recent Insider Transactions • Aug 27
Co-Founder recently sold US$95k worth of stock On the 22nd of August, Gregory Poilasne sold around 200k shares on-market at roughly US$0.47 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. New Risk • Aug 15
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$4.9m This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-US$2.8m). Shareholders have been substantially diluted in the past year (over 21x increase in shares outstanding). Market cap is less than US$10m (US$9.03m market cap). Minor Risk Revenue is less than US$5m (US$4.9m revenue). Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$2.12 loss per share (vs US$6.70 loss in 2Q 2024) Second quarter 2025 results: US$2.12 loss per share. Revenue: US$333.0k (down 59% from 2Q 2024). Net loss: US$13.4m (loss widened 220% from 2Q 2024). Announcement • Aug 01
Nuvve Holding Corp. to Report Q2, 2025 Results on Aug 14, 2025 Nuvve Holding Corp. announced that they will report Q2, 2025 results on Aug 14, 2025 Announcement • Jul 11
Nuvve Holding Corp. has filed a Follow-on Equity Offering. Nuvve Holding Corp. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre -Funded Warrants
Security Type: Equity Warrant Announcement • Jun 30
Nuvve Holding Corp., Annual General Meeting, Aug 22, 2025 Nuvve Holding Corp., Annual General Meeting, Aug 22, 2025. Announcement • Jun 29
Nuvve Holding Corp. Announces Board and Committee Appointments Effective June 25, 2025 On June 20, 2025, the Board of Directors of Nuvve Holding Corp. appointed Laura Huang to serve as a Class A director of the Company, effective as of June 25, 2025, and on June 25, 2025, the Board appointed Brian Johnson to serve as a Class B director, effective immediately. Ms. Huang and Mr. Johnson will also have the same right to indemnification by the Company as granted to the Company’s other non-employee directors. Effective upon her appointment to the Board, Ms. Huang was also appointed to serve as a member of the Compensation Committee and Nominating and Corporate Governance Committee and Mr. Johnson was appointed to serve as a member of the Audit Committee. Reported Earnings • May 16
First quarter 2025 earnings released: US$3.88 loss per share (vs US$16.89 loss in 1Q 2024) First quarter 2025 results: US$3.88 loss per share (improved from US$16.89 loss in 1Q 2024). Revenue: US$934.3k (up 20% from 1Q 2024). Net loss: US$6.87m (loss narrowed 1.1% from 1Q 2024). Announcement • May 02
Nuvve Holding Corp. to Report Q1, 2025 Results on May 15, 2025 Nuvve Holding Corp. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 15, 2025 Announcement • Apr 30
Nuvve Holding Corp. announced that it has received $1.444444 million in funding On April 28, 2025, Nuvve Holding Corp. closed the transaction. The company announced that it issued to certain Investors an aggregate of $1,444,444.44 principal amount senior convertible promissory notes, carrying a 10% original issue discount , convertible into shares of Common Stock, and accompanying warrants. The Additional Warrants are exercisable for up to an aggregate of 100% of the shares of Common Stock that each Additional Note is convertible into as of the issuance date, at an exercise price of $0.8261 per share, which represents 95% of the average of the five lowest trading prices in the ten trading days prior to the date the Investors exercised their Additional Investment Right, as set forth in the Purchase Agreement. The Additional Notes mature 18 months from the date of issuance. The Additional Notes are convertible, at the option of the respective Investors, at any time, in whole or in part, into such number of shares of Common Stock equal to the Principal Amount of the Additional Notes outstanding plus all accrued and unpaid interest at a conversion price equal to $0.8261 per share , which represents 95% of the average of the five lowest trading prices in the ten trading days prior to the date the Investors exercised their Additional Investment Right, as set forth in the Purchase Agreement. The Conversion Price is subject to full ratchet antidilution protection and certain exceptions upon any subsequent transaction at a price lower than the Conversion Price then in effect, subject to a floor price equal to $0.528 per share, and standard adjustments in the event of stock dividends, stock splits, combinations or similar events. Announcement • Apr 29
Nuvve Holding Corp. (NasdaqCM:NVVE) acquired Fermata Energy LLC for $0.66 million. Nuvve Holding Corp. (NasdaqCM:NVVE) acquired Fermata Energy LLC for $0.66 million on April 25, 2025. Nuvve Holding acquired substantially all of the assets and certain specified liabilities of Fermata Energy in exchange for a total purchase price of approximately $659,000, consisting of approximately $340,000 in cash with the remainder consisting of assumed liabilities. Additionally, in connection with the Fermata Transaction, Nuvve Holding issued 4,900,000 convertible preferred units to former debt holders of Fermata.
Nuvve Holding Corp. (NasdaqCM:NVVE) completed the acquisition of Fermata Energy LLC on April 25, 2025. Announcement • Apr 22
Nuvve Holding Receives Receives Non-Compliance Notice from Nasdaq Regarding Board Composition On April 15, 2025, Nuvve Holding Corp. (the ‘Company’) received written notice (the ‘Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that, as a result of Angela Strand’s resignation from the Board of Directors of the Company (the ‘Board’) and the audit committee of the Board (the ‘Audit Committee’), effective April 1, 2025, the Company is not currently in compliance with Nasdaq Listing Rule 5605. Nasdaq Listing Rule 5605 requires that (i) a majority of the Board be comprised of independent directors and (ii) the Audit Committee be comprised of at least three independent directors. The Company currently has four directors, only two of which qualify as independent directors. In addition, the Audit Committee currently is comprised of only two independent directors. The Notice states that, consistent with Nasdaq Listing Rules 5605(b)(1)(A) and 5605(c)(4), Nasdaq will provide the Company a cure period in order to regain compliance as follows: (i) until the earlier to occur of the Company’s next annual stockholders’ meeting or September 29, 2025; or (ii) if the next annual stockholders’ meeting is held before September 29, 2025, then the Company must evidence compliance no later than September 29, 2025. The Company intends to appoint an additional independent director to serve as a member of the Board and the Audit Committee prior to the end of the cure period described above. The Notice has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol ‘NVVE’. Announcement • Apr 12
Nuvve Holding Receives Written Notice from Nasdaq Regarding Stockholders' Equity Rule On April 7, 2025, Nuvve Holding Corp. (the Company"), received written notice (the Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that it is not currently in compliance with the requirement of maintaining stockholders' equity of at least $2,500,000 for continued inclusion on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(b)(1) (the Stockholders' Equity Rule"). In the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company reported stockholders' equity (deficit) of ($1,289,647), and, as a result, does not currently satisfy the Stockholders' Equity Rule. The Notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol NVVE". The Notice indicated that, in accordance with Nasdaq rules, the Company has 45 calendar days from the date of the Notice to submit a plan to regain compliance with the Stockholders' Equity Rule (the Compliance Plan"). If the Compliance Plan is accepted by Nasdaq, the Company may be granted an extension of up to 180 calendar days from the date of the Notice, or until October 4, 2025, to evidence compliance. If Nasdaq does not accept the Compliance Plan, the Company will have the opportunity to appeal Nasdaq's determination to a Nasdaq Hearings Panel. The Company intends to submit a Compliance Plan to Nasdaq and regain compliance within the applicable compliance period. Announcement • Apr 09
Angela Strand Resigns from the Board of Directors of Nuvve Holding Corp Angela Strand informed Nuvve Holding Corp. of her decision to resign from her position as member of the Board of Directors of the Company, and from each committee of the Board, effective immediately. At the time of Ms. Strand’s resignation, she was a member of the Compensation Committee, the Nominating and Corporate Governance Committee and the Audit Committee of the Board. Reported Earnings • Apr 01
Full year 2024 earnings released: US$26.92 loss per share (vs US$404 loss in FY 2023) Full year 2024 results: US$26.92 loss per share (improved from US$404 loss in FY 2023). Revenue: US$5.29m (down 37% from FY 2023). Net loss: US$17.4m (loss narrowed 46% from FY 2023). Announcement • Mar 27
Nuvve Holding Corp. Launches Battery-As-A-Service Offering to Help Electric Cooperatives Reduce Energy Costs and Create Grid Resiliency Nuvve Holding Corp. announced the launch of its Battery-as-a-Service (BaaS) offering. The new subscription-based solution is designed to support electric cooperatives and other load-serving entities in strengthening grid performance, managing peak demand, reducing infrastructure costs, and creating a more resilient electric system. Nuvve's BaaS model enables utilities to deploy scalable battery energy storage systems -- including at thestation level -- without requiring significant upfront capital investment and delivered through 10 to 12-year service agreements. These systems can be integrated to mitigate coincident peaks, support load flexibility, and improve resilience while aligning with utility operational planning and regulatory priorities. The BaaS platform is intentionally designed to be scalable and application-flexible with battery systems ranging from commercial and industrial (C&I) use cases to utility-scale deployments, ranging capital expenditure between $1 and $10 million. Nuvve delivers full turnkey solutions -- including procurement, installation, operations, maintenance, and grid integration -- enabling cooperatives to benefit from cutting-edge energy services without additional operational burden. New Risk • Mar 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 5.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (US$1.76m market cap). Announcement • Feb 12
Nuvve Holding Corp. has completed a Follow-on Equity Offering in the amount of $0.321597 million. Nuvve Holding Corp. has completed a Follow-on Equity Offering in the amount of $0.321597 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 108,428
Price\Range: $2.966
Transaction Features: Registered Direct Offering Announcement • Feb 07
Nuvve Holding Corp. has completed a Follow-on Equity Offering in the amount of $0.27825 million. Nuvve Holding Corp. has completed a Follow-on Equity Offering in the amount of $0.27825 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 105,000
Price\Range: $2.65
Transaction Features: Registered Direct Offering Announcement • Feb 06
Nuvve Holding Corp. has filed a Follow-on Equity Offering in the amount of $0.27825 million. Nuvve Holding Corp. has filed a Follow-on Equity Offering in the amount of $0.27825 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 105,000
Price\Range: $2.65
Transaction Features: Registered Direct Offering Announcement • Jan 14
Nuvve Launches New Product Line, Expanding Portfolio of Bidirectional and Unidirectional Charging Solutions Nuvve Holding Corp. unveiled its latest product line, expanding its portfolio of advanced bidirectional and unidirectional charging solutions designed to power the future of electrification. The new chargers range from 20 kW to 360 kW, addressing the unique requirements of school buses, white fleets, commercial and private fleets, public infrastructure, and microgrid applications. Built to deliver seamless integration and operational efficiency, they are tailored to meet the needs of today’s evolving energy landscape. Nuvve’s new chargers bring enhanced integration capabilities through Open Charge Point Protocol (OCPP), improved remote monitoring, over-the-air software updates, and a wider choice of form factors, including wall boxes and mono-blocks. Optional dual ports provide added flexibility. These chargers are seamlessly integrated with Nuvve’s energy management software platform, ensuring robust performance and ease of operation. The new product line is available now for customers across various sectors, ready to support immediate electrification needs. Embedded with Nuvve GIVe and Nuvve FLEETBOX platforms, the chargers are ideal for heavy- and medium-duty vehicles such as school buses and trucks. Each charger undergoes a rigorous validation process, ensuring reliability, compatibility with V2G applications, and adherence to the highest industry standards. Customers can select models built in America with domestically sourced parts, meeting Buy America Build America (BABA) compliance requirements. Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$2.47 loss per share (vs US$107 loss in 3Q 2023) Third quarter 2024 results: US$2.47 loss per share (improved from US$107 loss in 3Q 2023). Revenue: US$1.92m (down 29% from 3Q 2023). Net loss: US$1.65m (loss narrowed 81% from 3Q 2023). Announcement • Nov 05
Nuvve Holding Corp. to Report Q3, 2024 Results on Nov 12, 2024 Nuvve Holding Corp. announced that they will report Q3, 2024 results on Nov 12, 2024 Announcement • Nov 01
Nuvve Holding Corp. announced that it has received $3.75 million in funding Nuvve Holding Corp announced it entered into a definitive agreement with certain institutional and individual accredited investors issued at a principal amount of $4,125,000 for a gross proceeds $3,750,000.01 with an original issue discount of 10% and warrants to purchase up to an aggregate of 1,102,295 shares of common stock for aggregate proceeds $3,750,000.01 on October 31, 2024. The Notes bear interest at a rate of 8% per annum and have an 18-month maturity, subject to an additional six-month extension in certain circumstances as provided therein. The Notes will be convertible into up to an aggregate of 1,102,295 shares of common stock at the conversion price equal to $3.402 per share of common stock, which represented a 10% discount to the closing price of common stock immediately prior to the closing of the Private Placement, subject to adjustment as further specified in the Notes. The principal and accrued interest on the Notes are payable in 15 equal monthly installments commencing on February 28, 2025, and may be paid, at the Company's election, in cash, shares of common stock, or a combination thereof. In addition, the Investors have the right to purchase up to an aggregate of $12,500,000 in additional principal amount of the Notes and accompanying Warrants, subject to the terms set forth in the definitive agreement. Announcement • Oct 03
Nuvve Holding Corp. Unveils AC V2G Technology at Exelon Event Nuvve Holding Corp. showcased a major breakthrough in AC V2G solutions at an exclusive event hosted by Exelon at the Delmarva Power New Castle Regional Office. This event demonstrated Nuvve's ability to provide scalable and practical solutions that meet the growing demand for grid-stabilizing technologies, a critical component for the global transition to clean energy. Nuvve deployed its 3-phase Nuvve PowerPort3 Ultra chargers, allowing Ford Mach-E EVs to deliver grid services while parked, highlighting the practical benefits of AC bi-directional power flow as defined by SAE J3068/2. These innovations align with stringent safety and regulatory requirements, setting Nuvve ahead of industry peers in terms of technological capability and compliance. The project highlights Nuvve's ability to scale, with significant opportunities for Nuvve and its customers to generate recurring revenue streams while contributing to grid stability. As grid stabilization and energy storage become critical in the modern energy landscape, stakeholders stand to benefit from the broad deployment of V2G technologies and additional revenue streams through services like grid balancing and resource flexibility. Nuvve's strategic leadership in complying with FERC Order 2222 further solidifies its position to capture value from distributed energy resources (DERs). The event featured a demonstration led by Hamza Lemsaddek and Gregory Poilasne, showcasing how this AC V2G technology works in real-world conditions. Attendees, including top Exelon executives and federal representatives, witnessed firsthand the commercial and technological potential of Nuvve's solutions. Nuvve's involvement in this project reaffirms its leadership in advancing EV infrastructure, while also creating a sustainable, resilient energy future. Over the coming year, the performance of these V2G-enabled Ford Mach-E vehicles will be closely monitored to assess their dual roles as fleet vehicles and grid assets, providing long-term value creation for the company and customers. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Market cap is less than US$10m (US$3.08m market cap). Announcement • Sep 13
Nuvve Holding Announces 1-for-10 Reverse Stock Split Intended to Regain Compliance with the Minimum Bid Price Requirement of $1.00 Per Share of Common Stock for Continued Listing on the Nasdaq Capital Market Nuvve Holding Corp. announced that it will effect a 1-for-10 reverse stock split of its common stock, to be effective as of 5:00 p.m. Eastern Time on September 16, 2024. Nuvve's common stock will begin trading on a split-adjusted basis commencing upon market open on September 17, 2024. Following the reverse stock split, the Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "NVVE" with the new CUSIP number, 67079Y308. The CUSIP number for the Company's publicly traded warrants will not change. At the effective time of the reverse stock split, every 10 shares of Nuvve's issued and outstanding common stock will be automatically converted into one issued and outstanding share of common stock without any change in the par value of $0.0001 per share. The reverse stock split will reduce the number of issued and outstanding shares of the Company's common stock from approximately 6.5 million shares to approximately 0.7 million shares. The total authorized number of shares will not be reduced. Proportional adjustments will be made to the number of shares of common stock issuable upon exercise or vesting of the Company's outstanding stock options, restricted stock units, and warrants, as well as the applicable exercise or conversion prices, and to the number of shares issuable under the Company's equity incentive plans and other existing agreements. No fractional shares will be issued in connection with the reverse stock split, and fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share. At the Company's special meeting of stockholders held on September 9, 2024, the Company's stockholders voted to approve, among other things, a proposal granting the Company's Board of Directors the discretion to amend the Company's certificate of incorporation to effect a reverse stock split of the Company's common stock at a ratio of not less than 1-for-2 and not more than 1-for-10. Following the annual meeting of stockholders, on September 10, 2024, the Company's Board of Directors approved a 1-for-10 reverse stock split. The reverse stock split is intended for Nuvve to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on the Nasdaq Capital Market. Reported Earnings • Aug 15
Second quarter 2024 earnings released: US$0.67 loss per share (vs US$11.86 loss in 2Q 2023) Second quarter 2024 results: US$0.67 loss per share (improved from US$11.86 loss in 2Q 2023). Revenue: US$802.2k (down 62% from 2Q 2023). Net loss: US$4.18m (loss narrowed 49% from 2Q 2023). Announcement • Aug 07
Nuvve Holding Corp. to Report Q2, 2024 Results on Aug 13, 2024 Nuvve Holding Corp. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$20m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Market cap is less than US$10m (US$3.52m market cap). Announcement • May 25
Nuvve Holding Corp. Receives Written Notice Regarding Nasdaq Stockholders’ Equity Rule On May 22, 2024, Nuvve Holding Corp. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not currently in compliance with the requirement of maintaining stockholders’ equity of at least $2,500,000 for continued inclusion on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(b)(1) (the “Stockholders’ Equity Rule”). In the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2024, the Company reported stockholders’ equity of less than $2,500,000. The Notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol “NVVE”. The Notice indicated that, in accordance with Nasdaq rules, the Company has 45 calendar days from the date of the Notice to submit a plan to regain compliance with the Stockholders’ Equity Rule (the “Compliance Plan”). If the Compliance Plan is accepted by Nasdaq, the Company may be granted an extension of up to 180 calendar days from the date of the Notice, or until November 18, 2024, to evidence compliance. If Nasdaq does not accept the Compliance Plan, the Company will have the opportunity to appeal Nasdaq’s determination to a Nasdaq Hearings Panel. The Company intends to submit a Compliance Plan to Nasdaq and regain compliance within the applicable compliance period. New Risk • May 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$20m free cash flow). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Market cap is less than US$10m (US$4.35m market cap). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • May 09
Nuvve Holding Corp. to Report Q1, 2024 Results on May 14, 2024 Nuvve Holding Corp. announced that they will report Q1, 2024 results on May 14, 2024 Announcement • May 01
Nuvve Holding Corp., Annual General Meeting, Aug 20, 2024 Nuvve Holding Corp., Annual General Meeting, Aug 20, 2024, at 13:00 US Eastern Standard Time. Agenda: To elect the Class C members of the Company's board of directors (the Board) named in the accompanying proxy statement, to serve for a three-year term; to consider advisory Vote on Compensation Paid to Named Executive Officers (Say-on-Pay) (including golden parachute); to consider advisory Vote on Frequency of Say-on-Pay; to ratify the appointment of Deloitte& Touche LLP as the Company's independent registered certified public accounting firm for fiscal the year ending December31, 2024; and to transact any other business as may properly come before the Annual Meeting or any postponements or adjournment thereof. Announcement • Apr 23
Nuvve Holding Corp. Announces the Release of Upgraded PowerPort Electric Vehicle Supply Equipment Models Nuvve Holding Corp. announced the release of upgraded PowerPort Electric Vehicle Supply Equipment (EVSE) models, boasting hardware enhancements and unparalleled compliance with critical industry standards. With a steadfast commitment to innovation and regulatory compliance, Nuvve proudly confirms that its latest PowerPort models meet the stringent requirements set out by the Buy America, Build America Act (BABA) and the Buy American Act (BAA), as well as the ISO 15118 hardware standards needed for many utility Approved Product Lists (APL). The BAA and BABA mandates dictate that products utilized in federally funded infrastructure projects and those procured directly by federal agencies must be manufactured in the United States. The following PowerPort Neo models have been meticulously designed and manufactured to align with these regulations: Single-phase Single Connector PowerPort, Model #EVSE-B-P1-T1-H1-A080; Single-phase Dual Connectors PowerPort, Model #EVSE-B-P1-T1-H2-A080; Three-phase Single Connector PowerPort, Model #EVSE-B-P3-T2-H1-A063. Nuvve's PowerPort Neo models not only fulfill regulatory requirements, but also embody the highest standards of quality and reliability. With strict quality control measures in place, Nuvve continues to lead the industry in providing cutting-edge electric vehicle charging equipment. Moreover, Nuvve reaffirms its commitment to advancing domestic manufacturing and economic growth in the United States. By upholding excellence in product development and adhering to regulatory standards, Nuvve remains at the forefront of sustainable transportation solutions. Announcement • Apr 02
Nuvve Holding Corp. Receives Written Notice from the Listing Qualifications Department of the Nasdaq Stock Market Regarding Bid Price Rule On March 27, 2024, Nuvve Holding Corp. (the Company") received written notice from the Listing Qualifications Department of The Nasdaq Stock Market (Nasdaq") notifying the Company that, for the preceding 30 consecutive business days, the bid price of the Company's common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Nasdaq Marketplace Rule 5550(a)(2) (the Bid Price Rule"). The notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol NVVE" at this time. The Nasdaq notice indicated that, in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company will be provided 180 calendar days, or until September 23, 2024, to regain compliance with the Bid Price Rule. If, at any time before September 23, 2024, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq staff will provide written notification that it has achieved compliance with the Bid Price Rule and the matter will be closed. If the Company fails to regain compliance with the Bid Price Rule by September 23, 2024, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company will be required to meet the continued listed requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Bid Price Rule, and must notify Nasdaq in writing of its intention to cure the deficiency during the second compliance period. If the Company does not regain compliance with the Bid Price Rule by September 23, 2024, and is not eligible for an additional compliance period at that time, Nasdaq staff will provide written notification to the Company that its common stock will be subject to delisting. At that time, the Company may appeal the delisting determination to a Nasdaq Hearing Panel. There can be no assurance that the Company will regain compliance or otherwise maintain compliance with any of the other listing requirements. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Bid Price Rule. Reported Earnings • Mar 30
Full year 2023 earnings released: US$40.36 loss per share (vs US$47.55 loss in FY 2022) Full year 2023 results: US$40.36 loss per share. Revenue: US$8.33m (up 55% from FY 2022). Net loss: US$32.2m (loss widened 29% from FY 2022). Announcement • Mar 22
Nuvve Holding Corp. to Report Fiscal Year 2023 Results on Mar 28, 2024 Nuvve Holding Corp. announced that they will report fiscal year 2023 results After-Market on Mar 28, 2024 Announcement • Feb 22
Nuvve Holding Corp. Provides Earnings Guidance for the Full Year Ended December 31, 2023 and Full Year Ending December 31, 2024 Nuvve Holding Corp. provided earnings guidance for the full year ended December 31, 2023 and full year ending December 31, 2024. For the year 2023, the company expects revenue will exceed $8 million, as planned, in line with its previously provided guidance. For the year 2024, the company expects revenue will further increase to a range of $15 million to $20 million, assuming the continued market expansion being forecasted for the industry and Nuvve's ability to maintain its share of this market. New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (106% increase in shares outstanding). Market cap is less than US$10m (US$1.37m market cap). Announcement • Feb 09
Nuvve Announces Compliance with the Nasdaq Minimum Bid Price Rule Nuvve Holding Corp. (‘Nuvve’ or the ‘Company’) announced that it is back in compliance with the Nasdaq Stock Market, LLC (‘Nasdaq’) minimum bid price rule. On February 5, 2024, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with Nasdaq Listing Rule 5550(a)(2), because for the last 10 consecutive business days, from January 22, 2023, through February 2, 2024, the closing bid price of the Company's Common Stock had been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers this matter closed. Announcement • Feb 02
Nuvve Holding Corp. has completed a Follow-on Equity Offering. Nuvve Holding Corp. has completed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,035,000
Price\Range: $2
Discount Per Security: $0.14
Security Name: Pre -Funded Warrants
Security Type: Equity Warrant
Securities Offered: 1,765,000
Price\Range: $1.9999
Discount Per Security: $0.139993
Security Name: Series A Warrants
Security Type: Equity Warrant
Securities Offered: 4,800,000
Security Name: Series B Warrants
Security Type: Equity Warrant
Securities Offered: 4,800,000
Security Name: Series C Warrants
Security Type: Equity Warrant
Securities Offered: 4,800,000 Announcement • Jan 25
Nuvve Holding Corp. Announces Board Changes On January 19, 2024, Rashida La Lande informed Nuvve Holding Corp. of her decision to resign from her position as Chairperson and member of the Board of Directors of the Company, and from each committee of the Board, effective immediately. At the time of Ms. La Lande’s resignation, she was a member of the Nominating and Corporate Governance Committee and the Audit Committee of the Board. In connection with Ms. La Lande’s resignation, effective January 19, 2024, Jon M. Montgomery was appointed as Interim Chairperson of the Board. Reported Earnings • Nov 12
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: US$0.27 loss per share. Revenue: US$2.71m (up 390% from 3Q 2022). Net loss: US$8.58m (loss widened 28% from 3Q 2022). Revenue exceeded analyst estimates by 41%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 84% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in the US. Announcement • Nov 04
Nuvve Holding Corp. to Report Q3, 2023 Results on Nov 09, 2023 Nuvve Holding Corp. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 New Risk • Oct 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$23m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Market cap is less than US$10m (US$8.94m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$14m net loss in 2 years). Announcement • Oct 13
Nuvve Holding Receives Additional 180 Calendar Day Extension from the Nasdaq Stock Market to Regain Compliance with Bid Price Rule Nuvve Holding Corp. announced that it has received a 180 calendar day extension, until April 8, 2024, from the Nasdaq Stock Market (‘Nasdaq’), to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) (the ‘Bid Price Rule’). The Bid Price Rule stipulates that the bid price of Nuvve's common stock must close at $1.00 per share or more for a minimum of 10 consecutive business days. On April 14, 2023, Nuvve received notice from Nasdaq that based on the previous 30 consecutive business days, Nuvve’s listed security no longer met the minimum $1.00 bid price per share requirement. Nuvve will continue to monitor the closing bid price of its common stock and plans to pursue available options to regain compliance with the Bid Price Rule, including potentially pursuing a reverse stock split. If Nuvve authorizes a reverse stock split, it will plan to effectuate the split no later than ten business days prior to the end of the extension in order to timely regain compliance. Reported Earnings • Aug 13
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: US$0.30 loss per share (further deteriorated from US$0.29 loss in 2Q 2022). Revenue: US$2.12m (up 63% from 2Q 2022). Net loss: US$8.22m (loss widened 50% from 2Q 2022). Revenue exceeded analyst estimates by 69%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 81% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Nuvve Holding Corp. to Report Q2, 2023 Results on Aug 10, 2023 Nuvve Holding Corp. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023 Announcement • Jul 12
Nuvve Introduces Artificial Intelligence into its GIVe Software Platform Via Integration into FleetBox Charge Management App Nuvve announced the introduction of artificial intelligence into its software platform for fleets through an integration with Astrea AI®. Astrea AI makes the power of AI available to the Nuvve GIVe™ platform and its customers. Its purpose-built AI is fully integrated into the latest release of Nuvve's FleetBox® charge management app which customers use to manage routes, battery state of charge, charging status, charging equipment and reports. Customers can opt-in to access the enhanced functionality powered by Astrea AI, improving the customer experience while potentially further reducing charging costs and increasing V2G revenue opportunities. Astrea AI actively forecasts routes and the required state of charge for each vehicle in a customer's fleet, which ensures Nuvve GIVe has more accurate and timely data to guide vehicle charging and discharging. For instance, fleet operators may assume all vehicles are on the road by 8 a.m. daily. However, Astrea AI recognizes that the exact daily departure time is 8:25 a.m., which totals to more than two hours per week or eight hours per month/per vehicle less driving time. Significant V2G revenue and charge management opportunities may be missed due to these discrepancies between human and AI forecasting, particularly in larger fleets. Additionally, with Astrea AI, Nuvve customers do not have to manually enter their fleet schedules. This saves time and makes Nuvve's overall charge management solution more convenient for fleet managers and transportation directors. It also improves accuracy by avoiding data entry errors that can throw off energy management. These errors can result in a lower (or higher) state of charge than is needed for routes. This integration will also enable advanced insights for fleet managers and operators, giving them visibility into the actual usage of their vehicles and infrastructure. In June 2023, Nuvve launched its Astrea AI forecasting technology for the Nordic energy markets. Now, the company's global fleet customers will also enjoy many of the same enhanced benefits provided by Nuvve's AI technology. Access to Astrea AI and its features is available by request to select existing and new Nuvve customers. Announcement • Jun 12
Kenji Yodose Resigns from the Board of Directors of Nuvve Holding On June 6, 2023, Kenji Yodose resigned from the Board of Directors (Board) of Nuvve Holding Corp. (Company) effective immediately. Mr. Yodose served on the Board as a designee of Toyota Tsusho Corporation (TTC), a stockholder of the Company, in accordance with the terms of that certain stockholder agreement (Stockholder Agreement), dated as of March 19, 2021, by and between the Company and TTC, pursuant to which TTC had the right to designate one member of the Board for appointment or election as a director for so long as TTC's Merger Shares (as defined in the Stockholder Agreement) represent at least 5% of the issued and outstanding common stock of the Company. As of June 6, 2023, TTC’s Merger Shares represented less than 5% of the outstanding common stock of the Company. Mr. Yodose’s resignation was pursuant to a Contingent Letter of Resignation, dated as of March 19, 2021, pursuant to which he notified the Company of his resignation to be effective immediately upon the earlier to occur of TTC’s Merger Shares representing less than 5% of the outstanding common stock of the Company and the appointment or election of a subsequent director designee by TTC, and did not result from any disagreement with the Company or the Board on any matter relating to the Company’s operations, policies or practices. Announcement • Jun 08
Nuvve Holding Corp. Appoints David Bercik as Its New Senior Vice President of Sales - School Bus and GSA Nuvve Holding Corp. has named David Bercik as its new senior vice president of sales - School Bus and GSA. In the new role, Bercik will head Nuvve's North American student transportation and government fleet sales, supporting its customers through their entire electrification process. Bercik has around 30 years of sales and marketing leadership experience, which includes leadership roles in the school bus, automotive, healthcare and farm equipment sectors. Most recently, he has served as senior vice president, Global Sales and Marketing at Blue Bird Corporation. New Risk • Jun 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$32m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$20m net loss in 2 years). Revenue is less than US$5m (US$4.9m revenue). Market cap is less than US$100m (US$14.4m market cap). Major Estimate Revision • May 26
Consensus revenue estimates increase by 66%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$4.81m to US$7.99m. EPS estimate fell from -US$0.89 to -US$1.12 per share. Electrical industry in the US expected to see average net income growth of 12% next year. Consensus price target of US$2.50 unchanged from last update. Share price rose 13% to US$0.50 over the past week. Reported Earnings • May 13
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: US$0.32 loss per share (improved from US$0.49 loss in 1Q 2022). Revenue: US$1.85m (down 22% from 1Q 2022). Net loss: US$7.90m (loss narrowed 14% from 1Q 2022). Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 79% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electrical industry in the US. Announcement • May 05
Nuvve Holding Corp. to Report Q1, 2023 Results on May 11, 2023 Nuvve Holding Corp. announced that they will report Q1, 2023 results After-Market on May 11, 2023 Breakeven Date Change • Apr 08
No longer forecast to breakeven The 2 analysts covering Nuvve Holding no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$40.4m in 2025. New consensus forecast suggests the company will make a loss of US$9.01m in 2025. Major Estimate Revision • Apr 02
Consensus EPS estimates upgraded to US$0.89 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.99 per share to -US$0.89 per share. Revenue forecast reaffirmed at US$15.2m. Electrical industry in the US expected to see average net income decline 0.3% next year. Consensus price target of US$2.50 unchanged from last update. Share price rose 30% to US$0.70 over the past week. Breakeven Date Change • Nov 16
No longer forecast to breakeven The 2 analysts covering Nuvve Holding no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$4.39m in 2024. New consensus forecast suggests the company will make a loss of US$4.07m in 2024. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director H. Sherman is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 05
Nuvve Holding Corp. to Report Q3, 2022 Results on Nov 14, 2022 Nuvve Holding Corp. announced that they will report Q3, 2022 results After-Market on Nov 14, 2022 Announcement • Nov 04
Nuvve Holding Corp., Annual General Meeting, Dec 19, 2022 Nuvve Holding Corp., Annual General Meeting, Dec 19, 2022, at 14:00 Eastern Standard Time. Agenda: To elect the ClassA member of the Companys board of directors (the Board) named in the accompanying proxy statement, to serve for a three-year term; to ratify the appointment of Deloitte & Touche LLP as the Companys independent registered certified public accounting firm for fiscal the year ending December31, 2022; and to transact any other business as may properly come before the Annual Meeting or any postponements or adjournment thereof. Announcement • Oct 12
Nuvve Holding Corp. with Blue Bird Corporation Unveils Eight Electric, Zero-Emission School Buses Nuvve Holding Corp. with Blue Bird Corporation announced the unveiling of eight electric, zero-emission school buses powered by DC fast chargers supplied by Nuvve and enabled with Nuvve's GIVe vehicle-to-grid (V2G) energy aggregation platform. The parties have completed commissioning and interconnection activities with the local electrical infrastructure provided by San Diego Gas & Electric (SDG&E). As a result, the vehicles are qualified to generate revenues for the school district through SDG&E's Emergency Load Reduction Program (ELRP) by selling energy stored in the vehicles' batteries back to the grid during times of high grid stress or emergencies as determined by the California Independent System Operator (CAISO). This particular program in the Ramona Unified School District represents Blue Bird's largest commercial V2G project for a school district to date. By participating in the ELRP, SDG&E customers such as the Ramona district can receive $2 per kWh, which equates to a potential savings of up to $7,200 per bus per year, for verified export and load reduction. The availability of grants, along with the Biden-Harris Administration's recent announcement of the nearly $1 billion Clean School Bus Rebate program, are facilitating the transition to zero-emission fleets for districts like Ramona. Since ESBs run on electricity only, they produce zero harmful carbon emissions and particulate matter that's typically emitted by traditional, combustion-fueled buses. In addition, ESBs can produce valuable grid service revenue streams that benefit school districts any time the buses are parked and plugged in through Nuvve's V2G technology. Blue Bird, whose electric fleet is fully compatible with Nuvve's V2G technology, has delivered more than 700 ESBs to customers across the United States and Canada since 2018. With diesel prices at elevated levels, districts are seeking new ways to begin switching to ESBs while maintaining reliable student transportation for students in low income or disadvantaged communities, in particular. In 2020, Nuvve and Blue Bird announced a collaboration to introduce V2G-compatible electric buses to the U.S. market and thereby intelligently integrate electric vehicles (EVs) into the grid using Nuvve's V2G platform. All Blue Bird Type C and D electric buses come standard with Nuvve's V2G integration capabilities which, when combined with a Nuvve-supplied V2G charging station, can store and discharge energy. The excess, stored energy across multiple buses can be combined to form virtual power plants that offer valuable grid services which also generate revenue. Blue Bird's V2G capability provides a significant advantage over other ESBs by providing districts a way to leverage them when parked and connected to help stabilize the grid and prevent blackouts. By using Nuvve's V2G platform, districts like Ramona USD can realize cost benefits by intelligently charging ESBs when rates are low, allowing the district to sell the excess energy in their ESBs back to the grid, when needed. Proceeds can help offset the upfront costs of charging infrastructure, allow districts to afford more electric school buses, put money back into the classroom, and more. Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$2.69 loss per share (down from US$0.33 loss in 2Q 2021). Revenue: US$1.30m (up 33% from 2Q 2021). Net loss: US$51.2m (loss widened US$45.1m from 2Q 2021). Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates by 559%. Over the next year, revenue is forecast to grow 493%, compared to a 33% growth forecast for the industry in the US. Major Estimate Revision • Aug 09
Consensus revenue estimates fall by 28% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$27.4m to US$19.8m. Forecast losses increased from -US$1.37 to -US$1.59 per share. Electrical industry in the US expected to see average net income growth of 14% next year. Consensus price target down from US$22.00 to US$17.67. Share price rose 8.0% to US$3.66 over the past week. Recent Insider Transactions Derivative • Jul 10
Co-Founder notifies of intention to sell stock Gregory Poilasne intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of July. If the sale is conducted around the recent share price of US$3.80, it would amount to US$55k. For the year to December 2019, Gregory's total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2022, Gregory's direct individual holding has decreased from 1.25m shares to 1.09m. Company insiders have collectively sold US$2.0m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jun 26
Nuvve Holding Corp.(NasdaqCM:NVVE) dropped from Russell Microcap Value Index Nuvve Holding Corp.(NasdaqCM:NVVE) dropped from Russell Microcap Value Index Recent Insider Transactions • Jun 07
Co-Founder recently sold US$60k worth of stock On the 3rd of June, Gregory Poilasne sold around 9k shares on-market at roughly US$7.09 per share. In the last 3 months, they made an even bigger sale worth US$653k. Gregory has been a seller over the last 12 months, reducing personal holdings by US$713k. Major Estimate Revision • May 20
Consensus revenue estimates fall by 15% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$32.1m to US$27.4m. Forecast losses increased from -US$1.09 to -US$1.37 per share. Electrical industry in the US expected to see average net income growth of 20% next year. Consensus price target of US$22.00 unchanged from last update. Share price was steady at US$6.60 over the past week. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.49 loss per share. Net loss: US$9.20m (loss widened 72% from 1Q 2021). Revenue missed analyst estimates by 54%. Earnings per share (EPS) also missed analyst estimates by 44%. Over the next year, revenue is forecast to grow 566%, compared to a 19% growth forecast for the industry in the US. Announcement • May 04
Nuvve Holding Corp. to Report Q1, 2022 Results on May 12, 2022 Nuvve Holding Corp. announced that they will report Q1, 2022 results After-Market on May 12, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director H. Sherman is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Apr 13
Co-Founder recently sold US$653k worth of stock On the 8th of April, Gregory Poilasne sold around 71k shares on-market at roughly US$9.18 per share. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Reported Earnings • Apr 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: US$1.64 loss per share (down from US$0.20 loss in FY 2020). Net loss: US$27.3m (loss widened 459% from FY 2020). Revenue missed analyst estimates by 38%. Earnings per share (EPS) exceeded analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 885%, compared to a 21% growth forecast for the industry in the US. Breakeven Date Change • Jan 02
Forecast to breakeven in 2024 The 3 analysts covering Nuvve Holding expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$9.06m in 2024. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Reported Earnings • Nov 17
Third quarter 2021 earnings released: US$0.38 loss per share (vs US$0.089 loss in 3Q 2020) Third quarter 2021 results: Net loss: US$6.98m (loss widened US$6.19m from 3Q 2020).