Corporate ActionJun 23, 2026, 04:47 PM
Nuvve Stockholders Approve Reverse Split, Omnia Share Issuance
AI Summary
Nuvve Holding Corp. stockholders approved two key proposals at its reconvened Special Meeting on June 23, 2026. They authorized the Board to implement a reverse stock split in a range of 1-for-2 to 1-for-40. Additionally, stockholders approved the issuance of common stock exceeding 19.99% of outstanding shares, as required by Nasdaq rules, in connection with the Omnia Venture Agreements.
Key Highlights
- Stockholders approved a reverse stock split (1-for-2 to 1-for-40 ratio).
- 3,281,872 votes were cast for the reverse stock split proposal.
- Stockholders approved issuance of shares exceeding 19.99% for Omnia agreements.
- 3,297,412 votes were cast for the Omnia share issuance proposal.
- 3,468,751 shares (36.73% of eligible) were present, establishing quorum.
Price Impact
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