Nuvve Holding Announces Pricing Of $9.6M Underwritten Public Offering Of 4.8M Shares Of Common Stock At $2.00/Share
Portfolio Pulse from Benzinga Newsdesk
Nuvve Holding Corp. has priced an underwritten public offering of 4.8 million shares of its common stock at $2.00 per share, aiming to raise $9.6 million.
January 31, 2024 | 2:18 pm
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Nuvve Holding Corp. is raising capital through a public offering of 4.8 million shares at $2.00 each, totaling $9.6 million.
The pricing of the public offering at $2.00 per share may indicate a discount to the current market price, which could lead to short-term downward pressure on NVVE's stock price as the market absorbs the additional shares. The capital raise is significant for the company but dilutive for existing shareholders.
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