Loan & DebtSep 16, 2026, 04:14 PM
Nuvve Holding Corp. Issues $280K Convertible Note, Exchanges Preferred Stock
AI Summary
Nuvve Holding Corp. has entered into a Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC, issuing a $280,000 convertible promissory note with a 12% interest rate. The note is convertible into common stock under certain conditions and is subject to a beneficial ownership limitation. Additionally, Nuvve completed an exchange of all its Series A Preferred Stock for Series C Convertible Preferred Stock with its existing holders, amending its registration rights agreement to include the Series C shares.
Key Highlights
- Nuvve Holding Corp. issued a $280,000 convertible promissory note to FirstFire Global Opportunities Fund, LLC.
- The note carries a 12% annual interest rate and matures on September 10, 2027.
- The note can be converted into Nuvve common stock at a price of $1.40 or 85% of the lowest trading price.
- Nuvve Holding Corp. exchanged all outstanding Series A Preferred Stock for Series C Convertible Preferred Stock.
- The exchange of Series A for Series C Preferred Stock was conducted under Section 3(a)(9) of the Securities Act.
Price Impact
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