Nuvve Holding Announces 1-for-10 Reverse Stock Split

Nuvve Holding ( (NVVE) ) has provided an update.

Nuvve Holdings Corp., a green energy technology firm specializing in vehicle-to-grid (V2G) platforms, has announced a 1-for-10 reverse stock split effective September 16, 2024. This move aims to reduce the number of its outstanding shares from about 6.5 million to 0.7 million, without altering the total authorized shares or the $0.0001 par value. The adjustment intends to ensure compliance with Nasdaq’s minimum bid price requirement and will proportionally affect existing stock options, restricted stock units, and warrants. Nuvve’s stock will continue trading on Nasdaq under the symbol “NVVE” post-split.

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