Nuvve Holding Corp., a global leader in grid modernization and vehicle-to-grid (V2G) technology, announced a 1-for-18 reverse stock split of its common stock effective as of 12:01 a.m. Eastern Time on Monday, July 6, 2026. The move aims to bring the company into compliance with the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Capital Market. Trading on a split-adjusted basis will commence upon the market open on the same day under the symbol "NVVE" with a new CUSIP number, 67079Y506.

At the effective time, every 18 shares of issued and outstanding common stock will be automatically converted into one share without any change in the par value of $0.0001 per share. The reverse stock split will reduce the number of issued and outstanding shares from approximately 9,443,731 shares to approximately 524,652 shares, subject to adjustment for fractional shares. The total authorized number of shares will not be reduced.

Proportional adjustments will be made to the number of shares issuable upon exercise or vesting of outstanding stock options, restricted stock units, and warrants, as well as applicable exercise or conversion prices. No fractional shares will be issued; instead, fractional shares resulting from the split will be rounded up to the nearest whole share. For shares held in "street name," rounding will occur at the participant level, and no cash will be paid for fractional shares.

Shareholder Approval and Board Action

At a special meeting of stockholders held on June 23, 2026, Nuvve approved a proposal granting its Board of Directors the discretion to amend the certificate of incorporation to effect a reverse stock split at a ratio between 1-for-2 and 1-for-18. Following the meeting, the Board approved the 1-for-18 ratio on the same day.

Post-Split Trading and CUSIP Details

Nuvve’s transfer agent, Continental Stock Transfer & Trust Company, will provide information to stockholders regarding their ownership post-split. Stockholders holding shares in book-entry form or through a nominee do not need to take action, as accounts will be adjusted automatically. Beneficial holders are encouraged to contact their bank, broker, or nominee with procedural questions.