DelistingApr 24, 2026, 05:01 PM
Nuvve Receives Nasdaq Delisting Notice; Suspension April 29
AI Summary
Nuvve Holding Corp. received a notice from Nasdaq on April 20, 2026, indicating non-compliance with the $1.00 bid price rule for 30 consecutive trading days. The company is ineligible for a compliance period due to multiple reverse stock splits over the past two years with a cumulative ratio of 250 shares or more to one. Trading of Nuvve's securities will be suspended on The Nasdaq Capital Market starting April 29, 2026, unless the company successfully appeals. Nuvve intends to request a hearing by April 27, 2026, which will automatically stay the delisting action.
Key Highlights
- Received Nasdaq delisting notice on April 20, 2026.
- Common stock traded below $1.00 for 30 consecutive days.
- Ineligible for compliance period due to prior reverse stock splits (cumulative ratio 250:1+).
- Trading suspension scheduled for April 29, 2026.
- Company plans to appeal by April 27, 2026.