Nuvve Gets Shareholder Nod for 1-for-18 Reverse Split, Reveals Financial Adjustments

Key Facts

In a move to avoid delisting from Nasdaq, Nuvve Holding Corp. announced that its shareholders approved board discretion to implement a 1-for-18 reverse stock split. The decision follows NVVE closing at $0.3454 on June 29, 2026, well below the Nasdaq Capital Market's minimum bid price requirement. The reverse split is intended to theoretically raise the stock price to approximately $6.22 to meet listing standards.

Alongside the reverse split, Nuvve disclosed other strategic financial adjustments, including a recent loan and a funding round for its Japan subsidiary. Per market data, NVVE closed at $0.3454 on June 29, 2026, with no further details on the loan or funding available at this time. The moves come as the company seeks to strengthen its financial position amid sector headwinds.

Post-split, investors will watch for Nuvve's continued compliance with Nasdaq listing requirements and any updates on the loan or Japan funding. According to available data, no near-term economic events directly affect Nuvve, but clean energy sector sentiment and small-cap news flow could influence the stock.