Nuvve Holding Corp. ("Nuvve"), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, announced the closing of an underwritten public offering 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 granted Aegis Capital Corp., the underwriter ("Aegis"), a 45-day option to purchase up to an additional 1,071,428 shares of common stock at the public offering price per share, less the underwriting discounts and expenses, to cover over-allotments. On October 20, 2023, Aegis partially exercised its over-allotment option with respect to 797,243 shares of common stock.
Gross proceeds for the offering were approximately $1.1 million, before deducting underwriting discounts and other offering expenses.
Aegis Capital Corp. acted as the sole book-running manager for the Offering.
This offering was 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 final prospectus supplement and accompanying shelf prospectus describing the terms of the proposed offering have been filed with the SEC and are available on the SEC's website located at http://www.sec.gov. Electronic copies of the final 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.
