Nuvve shares are trading lower after the company announced pricing of a $1 million underwritten public offering of roughly 7 million shares of common stock at a price to the public of $0.14 per share.
Portfolio Pulse from Benzinga Newsdesk
Nuvve Corporation has announced the pricing of a $1 million underwritten public offering of approximately 7 million shares of common stock at a price of $0.14 per share. This has led to a decrease in the company's share price.
October 18, 2023 | 3:30 pm
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Nuvve's stock price is trading lower following the announcement of a $1 million underwritten public offering of its common stock at $0.14 per share.
The announcement of the underwritten public offering at a price lower than the current market price has led to a decrease in Nuvve's share price. Investors may perceive this as a sign of the company's financial instability, leading to selling pressure.
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IMPORTANCE 80
RELEVANCE 100