Nuvve Holding shares surge 23.30% intraday after Nasdaq grants 180-day bid price compliance extension.

Nuvve Holding surged 23.30% intraday after receiving an 180-day extension from Nasdaq to regain compliance with the bid price rule. The extension, which provides additional time to address the $1.50 minimum bid price requirement, alleviates immediate delisting risks and signals regulatory flexibility. This development is likely viewed as a positive catalyst by investors, offering the company breathing room to implement strategies to stabilize or boost its stock price.