Nuvve Holding Corp. Initiates 1-for-18 Reverse Stock Split to Meet Nasdaq Listing Requirements

The primary motivation for the reverse stock split is to ensure Nuvve's compliance with the minimum bid price requirement of $1.00 per share mandated by the Nasdaq Capital Market. This regulatory constraint is crucial for the company’s continued listing on the exchange, and the board's decision reflects a proactive approach to stabilize its stock price and enhance overall market perception.

Upon the effective date, every 18 shares of Nuvve’s existing common stock will be consolidated into one share. This action will reduce the total number of issued and outstanding shares from approximately 9,443,731 to around 524,652, subject to adjustments for fractional shares. Notably, the par value of the stock will remain unchanged at $0.0001 per share.

In conjunction with the reverse stock split, Nuvve will make proportional adjustments to various equity instruments, including stock options, restricted stock units, and warrants. The adjustments will also extend to the number of shares issuable under the company’s equity incentive plans. Importantly, no fractional shares will be issued; instead, any fractional shares resulting from the split will be rounded up to the nearest whole share.

Following the reverse stock split, Nuvve’s common stock will continue trading on the Nasdaq Capital Market under the ticker symbol NVVE. The new CUSIP number for the split-adjusted shares will be 67079Y506. Trading on a split-adjusted basis will commence at the market open on July 6, 2026.

Nuvve's transfer agent, Continental Stock Transfer & Trust Company, will facilitate communication with stockholders regarding their holdings post-split. For investors holding shares in book-entry form or through brokers, no action is required as their accounts will be automatically adjusted to reflect the changes. However, beneficial holders are encouraged to reach out to their respective brokers for any procedural inquiries.

Founded with a vision to revolutionize energy management, Nuvve is at the forefront of flexible energy solutions, leveraging advanced V2G technology. The company’s platform integrates electric vehicles, buildings, and distributed energy resources to optimize grid services and enhance reliability. Headquartered in San Diego, California, Nuvve partners with various stakeholders to foster a sustainable and equitable energy future.

Nuvve Holding Corp.'s decision to implement a 1-for-18 reverse stock split marks a significant moment in the company’s strategy to enhance its market standing and ensure compliance with Nasdaq requirements. As the company moves forward, stakeholders will be keenly observing how this adjustment influences Nuvve’s stock performance and broader market engagement in the rapidly evolving energy sector.