Nuvve Announces Compliance With The Nasdaq Minimum Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
Nuvve Holding Corp. (NVVE), a green energy technology company specializing in vehicle-to-grid (V2G) technology, announced it has regained compliance with the Nasdaq minimum bid price rule. The company's stock had a closing bid price of $1.00 or greater for 10 consecutive business days, from January 22, 2023, to February 2, 2024, meeting the Nasdaq Listing Rule 5550(a)(2) requirements.

February 08, 2024 | 2:04 pm
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Nuvve Holding Corp. has successfully regained compliance with the Nasdaq minimum bid price rule, indicating a positive trend in its stock price.
Regaining compliance with the Nasdaq minimum bid price rule is a significant positive development for Nuvve Holding Corp. It not only removes the immediate risk of delisting but also reflects positively on the company's stock price stability and investor confidence. This compliance indicates that the company's stock has maintained a closing bid price of $1.00 or greater for 10 consecutive business days, which can be seen as a sign of financial health and may attract more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100