3//SEC Filing
Stonepeak Rocket Holdings II LP 3
Accession 0001140361-21-028551
CIK 0001836875other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 8:00 PM ET
Size
25.1 KB
Accession
0001140361-21-028551
Insider Transaction Report
Form 3
Stonepeak Rocket Holdings II LP
10% Owner
Holdings
Series B Warrants
Exercise: $10.00Exp: 2031-05-17→ Common Stock (1,800,000 underlying)Series C Warrants
Exercise: $15.00Exp: 2031-05-17→ Common Stock (900,000 underlying)Series F Warrants
Exercise: $40.00Exp: 2031-05-17→ Common Stock (900,000 underlying)Series E Warrants
Exercise: $30.00Exp: 2031-05-17→ Common Stock (900,000 underlying)Options
Exercise: $50.00From: 2021-11-13Exp: 2028-11-17→ Common Stock (4,500,000 underlying)Series D Warrants
Exercise: $20.00Exp: 2031-05-17→ Common Stock (900,000 underlying)
Footnotes (7)
- [F1]On August 4, 2021, the transactions contemplated by that certain Letter Agreement, dated as of May 17, 2021, by and among Nuvve Holding Corp, a Delaware corporation (the "Issuer"), Stonepeak Rocket Holdings LP, a Delaware limited partnership ("Stonepeak"), and Evolve Transition Infrastructure LP, a Delaware limited partnership ("Evolve"), were consummated pursuant to the terms and conditions thereof (the "Closing"). In connection with signing the Letter Agreement, on May 17, 2021, the Issuer issued to Stonepeak and Evolve ten-year warrants (collectively, the "Warrants") to purchase the Issuer's common stock, par value $0.0001 (the "Common Stock") (allocated 90% to Stonepeak and 10% to Evolve), as described in footnote 2.
- [F2]The Warrants issued to Stonepeak and Evolve comprise of (i) Series B warrants to purchase 2,000,000 shares of Common Stock, in the aggregate, (ii) Series C warrants to purchase 1,000,000 shares of Common Stock, in the aggregate, (iii) Series D warrants to purchase 1,000,000 shares of Common Stock, in the aggregate, (iv) Series E warrants to purchase 1,000,000 shares of Common Stock, in the aggregate, and (v) Series F warrants to purchase 1,000,000 shares of Common Stock, in the aggregate. The Series B warrants were fully vested upon issuance. Each of the Series C, Series D, Series E and Series F warrants were vested as to 50% of the shares upon issuance and vest as to the remaining 50% when Levo has entered into contracts with third parties for $125 million, $250 million, $375 million and $500 million in aggregate capital expenditures, respectively.
- [F3]In connection with the signing of the Letter Agreement, the Issuer also entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with Stonepeak and Evolve, pursuant to which, from time to time between November 13, 2021 and November 17, 2028, Stonepeak and Evolve may elect, in their sole discretion, to purchase up to an aggregate of $250 million in shares of Common Stock at a purchase price of $50.00 per share (allocated 90% to Stonepeak and 10% to Evolve).
- [F4]The Warrants are exercisable 180 days after the applicable vesting date described in footnote 2 above.
- [F5]Effective as of August 4, 2021, Stonepeak transferred the Warrants and its rights under the Securities Purchase Agreement to Stonepeak Rocket Holdings II LP, a Delaware limited partnership.
- [F6]The securities that are the subject of this Form 3 are directly beneficially owned by Stonepeak Rocket Holdings II LP. Stonepeak Associates IV LLC is the general partner of Stonepeak Rocket Holdings II LP. Stonepeak GP Investors IV LLC is the sole member of Stonepeak Associates IV LLC. Stonepeak GP Investors Manager LLC is the managing member of Stonepeak GP Investors IV LLC. Mr. Dorrell serves as the managing member of Stonepeak GP Investors Manager LLC.
- [F7]Each Reporting Person disclaims beneficial ownership of the securities set forth herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose.
Issuer
Nuvve Holding Corp.
CIK 0001836875
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001877490
Filing Metadata
- Form type
- 3
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 8:00 PM ET
- Size
- 25.1 KB