SAN
DIEGO, Feb. 8, 2024 /PRNewswire/ -- Nuvve
Holding Corp. ("Nuvve" or the "Company") (Nasdaq: NVVE), a
green energy technology company that provides a globally-available,
commercial vehicle-to-grid (V2G) technology platform that enables
electric vehicle (EV) batteries to store and resell unused energy
back to the local electric grid and provides other grid services,
today announced that it is back in compliance with the Nasdaq Stock
Market, LLC ("Nasdaq") minimum bid price rule.
On February 5, 2024, the Company
received a letter from Nasdaq notifying the Company that it had
regained compliance with Nasdaq Listing Rule 5550(a)(2), because
for the last 10 consecutive business days, from January 22, 2023, through February 2, 2024, the closing bid price of the
Company's Common Stock had been at $1.00 per share or greater. Accordingly, the
Company has regained compliance with Nasdaq Listing Rule 5550(a)(2)
and Nasdaq considers this matter closed.
About Nuvve Holding Corp.
Nuvve Holding Corp. (Nasdaq: NVVE) is a global leader in
vehicle-to-grid (V2G) technology serving the mission-critical needs
of commercial fleets. The company's intelligent, cloud-based
software, Nuvve GIVe™, is a platform that transforms electric
fleets into mobile storage resources allowing them to contribute,
and not just consume, electricity. It enables a flexible suite of
V2G, charge management and grid services that provide electric grid
resilience while also generating recurring revenues to offset fleet
operation costs. Committed to accelerating the planet's transition
to a net-zero future, Nuvve is securing fleet electrification
partners across the e-mobility and grid value chain and supports
active deployments around the world with 18.3 megawatts currently
under management. Nuvve is headquartered in San Diego, Calif., USA. To learn more about
the value of V2G, futureproofing EV infrastructure and using EVs
for grid resilience, visit nuvve.com..
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements or
forward-looking information within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of forward-looking terms
such as "may," "will," "expects," "believes," "aims,"
"anticipates," "plans," "looking forward to," "estimates,"
"projects," "assumes," "guides," "targets," "forecasts,"
"continue," "seeks" or the negatives of such terms or other
variations on such terms or comparable terminology, although not
all forward-looking statements contain such identifying words.
Forward-looking statements include, but are not limited to,
statements concerning the expected timing and implementation of the
reverse stock split and the commencement of trading of Nuvve's
post-split common stock and Nuvve's ability to maintain compliance
with Nasdaq's continued listing requirements. Nuvve cautions you
that these forward-looking statements are subject to numerous risks
and uncertainties, most of which are difficult to predict and many
of which are beyond the control of Nuvve. Such statements are based
upon the current beliefs and expectations of management and are
subject to significant risks and uncertainties that could cause
actual outcomes and results to differ materially. Some of these
risks and uncertainties can be found in Nuvve's most recent Annual
Report on Form 10-K and subsequent periodic reports filed with the
Securities and Exchange Commission (SEC). All forward-looking
statements contained in this press release speak only as of the
date on which they were made and are based on management's
assumptions and estimates as of such date. Nuvve does not undertake
any obligation to publicly update any forward-looking statements,
whether as a result of the receipt of new information, the
occurrence of future events or otherwise except as required by
law.
Nuvve Investor Contact
investorrelations@nuvve.com
+1 (619) 483-3448
Nuvve Press Contacts
(W)right On Communications,
Larry Smalheiser
lsmalheiser@wrightoncomm.com
925-413-3137
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SOURCE Nuvve Holding Corp.