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Nuvve Holding Corp. (NASDAQ:NVVE) disclosed Wednesday that it received a written notice from the Nasdaq Stock Market indicating its common stock is subject to delisting from the Nasdaq Capital Market. The company reported that, as of August 27, its shares had closed below $1.00 for 30 consecutive trading days, violating Nasdaq’s minimum bid price requirement under Rule 5550(a)(2).
In addition, Nasdaq stated that Nuvve is ineligible for a compliance period to regain the minimum bid price standard because it has conducted a reverse stock split within the past year and executed cumulative reverse splits in the past two years at a ratio of 250 shares or more to one. The company also remains noncompliant with the minimum stockholders’ equity requirement of $2,500,000 under Listing Rule 550(b)(1), which Nasdaq cited as an additional and separate basis for delisting.
According to the notice, Nuvve’s securities were scheduled to be suspended from trading on the Nasdaq Capital Market at the opening of business on Friday, with a Form 25-NSE to be filed to remove the company’s securities from listing and registration, unless the company appealed the decision.
Nuvve stated that it requested a hearing with Nasdaq’s Hearings Panel on Wednesday, which will temporarily halt any suspension or delisting action while the appeal is pending. The company noted there is no assurance the Panel will grant continued listing or that compliance will be regained.
This information is based on a statement contained in an SEC filing.
In other recent news, Nuvve Holding Corp. reported its Q2 2025 earnings, highlighting a notable decline in revenue and increased net losses compared to the previous year. Despite these financial setbacks, the company is undertaking strategic initiatives in the energy and cryptocurrency sectors to potentially bolster future growth. Additionally, shareholders approved several proposals at the company’s 2025 Annual Meeting. This included the election of Jon M. Montgomery and Laura Huang as Class A directors, each set to serve three-year terms on the board. The approval of these directors received 676,472 and 668,665 votes, respectively. Shareholders also endorsed changes to the company’s equity plan. These developments reflect ongoing efforts by Nuvve Holding Corp. to navigate current challenges and position itself for future success.
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