In the news release, Nuvve Holding Corp. Announces Pricing of
$2.066 Registered Direct Offering
Priced At-the-Market, issued 26-Oct-2023 by Nuvve Corporation over PR
Newswire, we are advised by the company that the headline should
read "Nuvve Holding Corp. Announces Pricing of $2.066 Million Registered Direct Offering Priced
At-the-Market" rather than "Nuvve Holding Corp. Announces Pricing
of $2.066 Registered Direct Offering
Priced At-the-Market" as originally issued inadvertently. The
complete, corrected release follows:
Nuvve Holding Corp. Announces Pricing of $2.066 Million Registered
Direct Offering Priced At-the-Market
SAN
DIEGO, Oct. 26, 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, today announced that it
has entered into a definitive agreement with a single institutional
investor for the purchase and sale of 13,772,940 shares of common
stock and pre-funded warrants to acquire common stock in a
registered direct offering. The purchase price of each share is
$0.15 priced yesterday at-the-market
under Nasdaq rules. The purchase price for the pre-funded warrants
is equivalent to the purchase price for the shares, less the
exercise price of $0.0001.
The aggregate gross proceeds to the Company are expected to be
approximately $2.066 million. The
transaction is expected to close on or about October 27, 2023, subject to the satisfaction of
customary closing conditions.
Aegis Capital Corp. is acting as the Exclusive Placement
Agent.
The registered direct 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 final
prospectus supplement and accompanying prospectus describing the
terms of the proposed offering will be filed with the SEC and will
be available on the SEC's website located at http://www.sec.gov.
Electronic copies of the final prospectus supplement and the
accompanying prospectus may be obtained, when available, 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 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