San Diego, December 11, 2025

Nuvve Holding Corp., a leader in vehicle-to-grid technology, has announced a 1-for-40 reverse stock split set to take effect on December 15, aiming to comply with Nasdaq’s minimum bid price requirements. This move will reduce its outstanding shares significantly, from about 53 million to roughly 1.3 million, while maintaining the equivalent total value for investors. The company sees this strategic adjustment as crucial for long-term growth and attracting more investors in the competitive San Diego tech market.

San Diego, California

Nuvve Holding Corp. Executes 1-for-40 Reverse Stock Split

San Diego, California – Nuvve Holding Corp. (Nasdaq: NVVE), a key player in the vehicle-to-grid (V2G) technology sector, recently announced an upcoming 1-for-40 reverse stock split of its common stock, set to take effect on December 15, 2025. This strategic move is designed to help the company regain compliance with Nasdaq’s listing requirements, particularly regarding the minimum bid price for shares.

With the number of outstanding shares significantly reduced from around 53 million to approximately 1.3 million, investors can expect a proportional increase in the per-share price. This action not only aligns with regulatory standards but also reinforces Nuvve’s commitment to long-term growth within San Diego’s burgeoning tech landscape.

Understanding the Reverse Stock Split

A reverse stock split consolidates existing shares into a smaller number of higher-priced shares. Following Nuvve’s 1-for-40 split, each shareholder will see their shares reduced significantly but will maintain the equivalent total value of their investments. This strategic adjustment seeks to elevate the company’s stock price above the $1.00 requirement for continued listing on Nasdaq, thus attracting new investors while fostering stability in the market.

The Importance of Compliance and Growth

Nuvve’s decision to implement this reverse stock split comes after stockholders voted in favor of enhancing corporate flexibility regarding stock structure. The Board of Directors believes that this action is essential for maintaining Nuvve’s position on the Nasdaq Capital Market and ultimately for propelling the company’s innovative technologies into wider adoption.

What Does the Split Mean for Shareholders?

For existing shareholders, the split will mean no direct action is required on their part. The transfer agent, Continental Stock Transfer & Trust Company, will update ownership records automatically. The consolidation is anticipated to stabilize stock performance, a sentiment welcomed by shareholders looking for reassurance in their investments as the company scales its revolutionary technology.

Nuvve’s Technology and Market Position

Nuvve Holding Corp. is positioned at the forefront of the V2G market through its sophisticated software platform, Nuvve GIVe™. This technology enables electric vehicles to act as energy resources, delivering electricity back to the grid during peak demand periods. As cities increasingly adopt electric fleets, Nuvve’s ability to transform how energy is managed and consumed places it at a competitive advantage in both local and global markets.

Community Impact and Future Prospects

The local community stands to benefit from Nuvve’s continued success. As the company grows, it contributes to job creation and economic prosperity within San Diego. The firm’s focus on reducing carbon footprints aligns with California’s ambitious sustainability goals, facilitating a greener future while boosting the local economy. As more businesses turn to electric fleets, Nuvve’s capabilities in managing these assets could play a significant role in California’s drive towards a renewable future.

Conclusion

The impending reverse stock split for Nuvve Holding Corp. marks a pivotal moment for the company as it seeks to reinforce its compliance with Nasdaq regulations and enhance shareholder value. This development is not just beneficial for Nuvve but serves as a positive indicator for the San Diego economy, showcasing the potential for technological innovation to drive business success and community growth. As San Diego’s entrepreneurial spirit thrives, all eyes will be on how companies like Nuvve navigate these changes and contribute to a robust economic landscape.

Frequently Asked Questions (FAQ)

What is a reverse stock split?

A reverse stock split is a corporate action where a company consolidates its existing shares into fewer, higher-priced shares. For example, in a 1-for-40 reverse stock split, every 40 existing shares are combined into one new share. This does not change the overall value of a shareholder’s investment but increases the per-share price.

Why is Nuvve implementing a 1-for-40 reverse stock split?

Nuvve is implementing the reverse stock split to help regain compliance with the Nasdaq Capital Market’s minimum bid price requirement of $1.00 per share for continued listing. The reverse stock split is intended to increase the per-share price of Nuvve’s common stock to meet this requirement.

When will the reverse stock split take effect?

The reverse stock split will be effective as of 12:01 a.m. Eastern Time on Monday, December 15, 2025. Nuvve’s common stock will begin trading on a split-adjusted basis upon market open on that date.

How will the reverse stock split affect my existing shares?

After the reverse stock split, every 40 shares of Nuvve’s issued and outstanding common stock will be automatically converted into one issued and outstanding share of common stock. The total number of shares you own will decrease, but the overall value of your investment remains unchanged. The per-share price will increase accordingly. No fractional shares will be issued; any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share.

Do I need to take any action regarding the reverse stock split?

If you hold your shares in book-entry form or through a bank, broker, or other nominee, no action is required. Your account will be automatically adjusted to reflect the number of shares owned after the reverse stock split. If you have any questions, you are encouraged to contact your bank, broker, or other nominee.

Will the reverse stock split change the company’s stock symbol or CUSIP number?

No, the company’s stock symbol will remain “NVVE.” However, the CUSIP number for the company’s common stock will change to 67079Y407. The CUSIP number for the company’s publicly traded warrants will remain unchanged.

What is Nuvve Holding Corp.?

Nuvve Holding Corp. 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™, transforms electric fleets into mobile storage resources, allowing them to contribute electricity back to the grid. Nuvve is committed to accelerating the transition to a net-zero future and supports active deployments around the world with 18.3 megawatts currently under management.

Where can I find more information about the reverse stock split?

For more detailed information, you can refer to Nuvve’s official press release or contact the company’s investor relations department.

How can I contact Nuvve’s investor relations department?

You can contact Nuvve’s investor relations department through the contact information provided on the company’s official website or in the press release.

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Key Features of Nuvve’s Reverse Stock Split

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