SAN
DIEGO, Oct. 18, 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, announced today the pricing of an underwritten public
offering with gross proceeds to the Company expected to be
approximately $1,000,000, before
deducting underwriting discounts and other estimated expenses
payable by the Company. The offering consists of 7,142,857 shares
of common stock at a price to the public of $0.14 per share. The Company intends to use the
net proceeds from this offering for working capital and other
general corporate purposes.
In addition, the Company has granted Aegis Capital Corp. a
45-day option to purchase additional shares of common stock and/or
pre-funded warrants at the public offering price, less underwriting
discounts and commissions solely to cover over-allotments, if
any.
The offering is expected to close on October 20, 2023, subject to the satisfaction of
customary closing conditions.
Aegis Capital Corp. is acting as the sole book-running
manager for the offering.
This offering is being 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 preliminary
prospectus supplement and accompanying shelf prospectus describing
the terms of the proposed offering has been filed with the
SEC and is available on the SEC's website located at
http://www.sec.gov. Electronic copies of the preliminary prospectus
supplement and the accompanying shelf 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
syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before
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 and
that are incorporated by reference in such prospectus supplement
and the accompanying prospectus, which provide more information
about the Company and such offering.
This 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.
About Nuvve Holding Corp.
Nuvve (Nasdaq: NVVE) is a global technology leader
accelerating the electrification of transportation through its
proprietary vehicle-to-grid (V2G) platform. Nuvve's mission is to
lower the cost of electric vehicle ownership while supporting the
integration of renewable energy sources, including solar and wind.
For more information please visit www.nuvve.com.
Nuvve Press Contact
(W)right On
Communications, Larry
Smalheiser
lsmalheiser@wrightoncomm.com, +1
925-413-3137
Nuvve Investor Contact
ICR
Inc.
nuvve@icrinc.com, +1 646-200-8872
Forward-Looking Statements:
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
and other securities laws. Words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates" and similar
expressions or variations of such words are intended to identify
forward-looking statements. For example, the Company is using
forward-looking statements when it discusses use of proceeds from
the offering, and the timing and terms of the offering.
Forward-looking statements are not historical facts, and are based
upon management's current expectations, beliefs and projections,
many of which, by their nature, are inherently uncertain. Such
expectations, beliefs and projections are expressed in good faith.
However, there can be no assurance that management's expectations,
beliefs or projections will be achieved, and actual results may
differ materially from what is expressed in, or indicated by, the
forward-looking statements. Forward-looking statements are subject
to risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in the
forward-looking statements. Forward-looking statements speak only
as of the date the statements are made. The Company assumes no
obligation to update forward-looking statements to reflect actual
results, subsequent events or circumstances, changes in assumptions
or changes in other factors affecting forward-looking information
except to the extent required by applicable securities laws. If the
Company does update one or more forward-looking statements, no
inference should be drawn that the Company will make additional
updates with respect thereto or with respect to other
forward-looking statements.
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SOURCE Nuvve Corporation