Nuvve Holding Corp. Announces Pricing Of $1M Underwritten Public Offering Of 7,142,857 Shares Of Common Stock At A Price To The Public Of $0.14 Per Share
Portfolio Pulse from Benzinga Newsdesk
Nuvve Holding Corp. (NASDAQ:NVVE) has announced the pricing of an underwritten public offering expected to generate approximately $1,000,000 in gross proceeds. The offering consists of 7,142,857 shares of common stock at a price of $0.14 per share. The company plans to use the proceeds for working capital and other general corporate purposes. The offering is expected to close on October 20, 2023.
October 18, 2023 | 1:08 pm
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Nuvve's public offering of 7,142,857 shares at $0.14 per share is expected to generate $1M in gross proceeds. This could potentially dilute existing shareholders' equity but provide the company with needed working capital.
The public offering will increase the number of shares in circulation, potentially diluting the value of existing shares. However, the funds raised will provide Nuvve with additional working capital, which could support its operations and potentially lead to future growth.
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