Nuvve Holding Corp. Amends Securities Purchase Agreement, Extends Stockholder Meeting Deadline

Nuvve Holding Corp. (NASDAQ: NVVE), a Delaware-based company specializing in vehicle-to-grid technology, announced today the signing of the First Amendment to its Securities Purchase Agreement. The agreement, originally dated October 31, 2024, has now been amended to extend the Stockholder Meeting Deadline to February 3, 2025. This extension is aimed at providing the Company with additional time to secure stockholder approval for issuing an aggregate number of shares of its common stock, par value $0.0001 per share (“Common Stock”), exceeding 19.99% of the outstanding Common Stock, as outlined in the Purchase Agreement.

The specifics of the Amendment detail the adjustments made to the Purchase Agreement, including the new deadline for obtaining stockholder approval. While the current disclosure provides a summary of the key changes, the full context and implications of the Amendment can be found in Exhibit 10.1, a part of the latest Current Report on Form 8-K filed with the Securities and Exchange Commission.

This recent development signifies a strategic move by Nuvve Holding Corp. to align its financing activities with the interests of its shareholders. By seeking approval to issue additional shares under the Purchase Agreement, the Company aims to bolster its financial position to support ongoing operational requirements and strategic initiatives. The decision to extend the Stockholder Meeting Deadline reflects the Company’s commitment to engaging with its shareholders in a transparent and inclusive manner.

As per regulatory requirements, Nuvve Holding Corp. has disclosed the Amendment as an event that occurred on January 14, 2025, through a filing with the Securities and Exchange Commission. The Company continues to navigate the evolving landscape of sustainable energy solutions, leveraging its expertise in vehicle-to-grid technology to drive innovation and address the challenges of tomorrow’s energy ecosystem.

Investors and stakeholders are encouraged to refer to the complete details of the Amendment in the filed Exhibit 10.1 for a comprehensive understanding of the implications of the extended Stockholder Meeting Deadline and its potential impact on Nuvve Holding Corp.’s strategic direction.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Nuvve’s 8K filing here.

About Nuvve

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.