Update
$Nuvve (NVVE.US)$ Item 8.01. Other Events.
On October 16, 2023, Nuvve Holding Corp. (the “Company”) and Craig-Hallum Capital Group LLC (the “Agent”) agreed to terminate the At The Market Offering Agreement, dated January 31, 2023 (the “ATM Agreement”), between the Company and the Agent, effective immediately. As previously reported, the ATM Agreement permitted the Company to issue and sell shares of its common stock, par value $0.0001 per share, having aggregate sales proceeds of up to $25,000,000 (the “Shares”), through the Agent. The foregoing description is qualified in its entirety by the copy of the ATM Agreement that is attached as an exhibit to, and incorporated by reference in, the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 31, 2023. The Company is not subject to any termination penalties related to the termination of the ATM Agreement.
The Company had sold 1,530,704 shares of common stock and raised approximately $0.9 million in aggregate net proceeds under the ATM Agreement. The shares were offered and sold pursuant to the Company’s effective shelf registration statement under the Securities Act of 1933, as amended (the “Securities Act”), on Form S-3 (File No. 333-264462), which was declared effective by the Securities and Exchange Commission (the “SEC”) on May 5, 2022, and the related prospectus supplements, dated January 31, 2023 and April 14, 2023, which were filed with the SEC pursuant to Rule 424(b)(5) under the Securities Act on January 31, 2023 and April 14, 2023, respectively (the “ATM Prospectus Supplements”). As a result of the termination of the ATM Agreement, effective as October 16, 2023, the ATM Prospectus Supplements have been terminated and no further offers or sales of the Company’s common stock will be made pursuant to the Company’s at-the-market offering.![]()
On October 16, 2023, Nuvve Holding Corp. (the “Company”) and Craig-Hallum Capital Group LLC (the “Agent”) agreed to terminate the At The Market Offering Agreement, dated January 31, 2023 (the “ATM Agreement”), between the Company and the Agent, effective immediately. As previously reported, the ATM Agreement permitted the Company to issue and sell shares of its common stock, par value $0.0001 per share, having aggregate sales proceeds of up to $25,000,000 (the “Shares”), through the Agent. The foregoing description is qualified in its entirety by the copy of the ATM Agreement that is attached as an exhibit to, and incorporated by reference in, the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 31, 2023. The Company is not subject to any termination penalties related to the termination of the ATM Agreement.
The Company had sold 1,530,704 shares of common stock and raised approximately $0.9 million in aggregate net proceeds under the ATM Agreement. The shares were offered and sold pursuant to the Company’s effective shelf registration statement under the Securities Act of 1933, as amended (the “Securities Act”), on Form S-3 (File No. 333-264462), which was declared effective by the Securities and Exchange Commission (the “SEC”) on May 5, 2022, and the related prospectus supplements, dated January 31, 2023 and April 14, 2023, which were filed with the SEC pursuant to Rule 424(b)(5) under the Securities Act on January 31, 2023 and April 14, 2023, respectively (the “ATM Prospectus Supplements”). As a result of the termination of the ATM Agreement, effective as October 16, 2023, the ATM Prospectus Supplements have been terminated and no further offers or sales of the Company’s common stock will be made pursuant to the Company’s at-the-market offering.
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