Nuvve Holding issues stock in registered direct offering

Nuvve Holding Corp. (NASDAQ: NVVE), a company specializing in power distribution and specialty transformers with a market capitalization of $2.81 million, has closed a registered direct offering of common stock, resulting in the sale of 108,428 shares at $2.966 per share. This transaction was finalized on Monday, according to the company's recent SEC filing.

The San Diego-based manufacturer, incorporated in Delaware, originally entered into a securities purchase agreement with certain purchasers on February 7, 2025. The offering, which was concluded on February 10, 2025, was part of the company's efforts to raise capital through the sale of its common stock. The stock has experienced significant volatility, with the price down over 72% in the past year and currently trading at $3.06, well below its 52-week high of $17.30.

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