Nuvve Holding Corp. Files Certificate for 1-for-18 Reverse Stock Split to Avoid Delisting
NVVE sits 55% above its 52-week low of $0.231.
Summary
Nuvve Holding Corp. has filed the necessary documentation to enact a 1-for-18 reverse stock split, effective July 6, 2026, a crucial step to maintain its Nasdaq listing.
Key Events · Corporate Governance and Compliance · NVVE
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Reverse Stock Split Finalized
Nuvve Holding Corp. filed a Certificate of Amendment to effect a 1-for-18 reverse stock split.
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Effective Date Set
The reverse stock split will become effective at 12:01 a.m. Eastern Time on July 6, 2026, with trading on a split-adjusted basis commencing at market open the same day.
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Share Count Adjustment
Pre-split, approximately 9,443,731 shares were outstanding, which will be reduced to approximately 524,652 post-split.
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Nasdaq Compliance Measure
This action follows previous delisting notices and shareholder approval, aiming to meet Nasdaq's minimum bid price requirement.
Analysis · NVVE · Manufacturing
This filing formalizes the 1-for-18 reverse stock split, effective July 6, 2026, which was previously approved by shareholders. This action is critical for Nuvve Holding Corp. to regain compliance with Nasdaq's minimum bid price requirement and avoid delisting, a significant risk highlighted in prior filings. While reverse splits do not change fundamental value, this move is essential for the company's continued public trading.
At the time of this filing, NVVE was trading at $0.36 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.4M. The 52-week trading range was $0.23 to $45.20. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.