Nuvve Holding Corp. Announces Termination of $25M Equity Line After Nasdaq Delisting

What Happened

• Nuvve Holding Corp. announced that its Common Shares Purchase Agreement (the “ELOC Agreement”) with Five Narrow Lane, L.P. and Hailstone Peak Funding LLC was automatically terminated due to the delisting of its common stock from The Nasdaq Stock Market. The Common Stock was delisted effective at the open of market on July 24, 2026, and the automatic termination was effective that same date.
• The ELOC Agreement (originally dated November 14, 2025 and amended December 1, 2025) had provided the company the option to sell up to $25 million of common stock to the investors. The company stated it did not incur any early termination penalties as a result of the termination.

Key Details

• Committed facility size: up to $25.0 million of common stock purchases under the ELOC Agreement.
• Counterparties: Five Narrow Lane, L.P. and Hailstone Peak Funding LLC.
• Relevant dates: ELOC Agreement dated Nov 14, 2025 (amended Dec 1, 2025); Nasdaq delisting and automatic termination effective July 24, 2026; 8-K filed July 29, 2026 (signed July 28, 2026).
• No early termination penalties were incurred by the company.

Why It Matters

• The automatic termination removes a committed source of potential financing (up to $25M) that Nuvve could have used by selling common stock, which may affect the company’s available liquidity and future capital-raising plans.
• The termination was triggered by the Nasdaq delisting, a material corporate event that may have broader implications for trading, investor access, and financing options.
• Investors should note the absence of termination penalties (no immediate cash outflow from this action) but monitor future disclosures for alternative financing arrangements or updates on the company’s listing status.