Nuvve Holding Corp. Plunges 15% Amid Reverse Stock Split Proposal

On September 5, 2025, Nuvve Holding Corp. experienced a significant drop of 15% in its pre-market trading, reflecting investor concerns and potential market adjustments.

Nuvve Holding Corp. has scheduled a Special Meeting of Stockholders for October 6, 2025, to address critical proposals, including a reverse stock split and the adjournment of the meeting if necessary. The reverse stock split, ranging from 1-for-2 to 1-for-40, aims to comply with Nasdaq's minimum bid price requirements and enhance the company's capital structure. This move is part of Nuvve's strategy to regain compliance with Nasdaq's listing rules, which require a minimum bid price of $1.00 per share. The company has received a notification from Nasdaq indicating non-compliance with this requirement, and the reverse stock split is seen as a means to address this issue.

The Board of Directors has recommended that stockholders vote in favor of the reverse stock split proposal, highlighting its potential benefits in increasing the trading price of the company's common stock and providing greater liquidity. However, the proposal also comes with risks, including the possibility of adverse market reactions and increased transaction costs for shareholders who end up with less than one hundred shares post-split. The Board believes that the potential benefits outweigh these risks, but investors are advised to consider the implications carefully.