Corporate ActionJun 25, 2026, 04:47 PM
Nuvve Designates Series B Convertible Preferred Stock
AI Summary
Nuvve Holding Corp. filed a Certificate of Designation with the Secretary of State of Delaware, formally designating 150,000 shares of Series B Convertible Preferred Stock. This action is part of the previously disclosed Omnia Venture Agreements, for which stockholders approved the issuance of shares. The Series B Preferred Stock has a stated value of $1,000 per share and is convertible into common stock at $1.25 per share, with no dividend or voting rights, and ranks senior to common stock.
Key Highlights
- Designated 150,000 shares of Series B Convertible Preferred Stock.
- Series B Preferred Stock has a stated value of $1,000 per share.
- Convertible into Common Stock at a price of $1.25 per share.
- Holders of Series B Preferred Stock are not entitled to dividends.
- Series B Preferred Stock generally has no voting rights.
- Ranks senior to Common Stock and junior to Series A Preferred Stock.
Price Impact
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