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“On August 16, 2024, Nuvve Holding Corp., a Delaware corporation (the “Company”), Nuvve CPO Inc., a wholly-owned subsidiary of the Company (“Nuvve CPO”), and WISE EV-LLC (“Wise”), entered into the definitive agreements described below in connection with the formation of Deep Impact 1 LLC, a Delaware limited liability company (the “SPV”) in which the Company will hold a 51% equity interest by way of Nuvve CPO and in which Wise will hold a 49% equity interest. SPV is an entity formed for the principal purpose of operation, installation, maintenance of electric vehicle chargers and other related activities and services created as a joint venture between the Company, Nuvve CPO and Wise.”
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