Form 4: Nuvve Holding Corp. CEO Acquires Convertible Note and Warrants

Gregory Poilasne, CEO of Nuvve Holding Corp., acquired a $250,000 convertible note and warrants to purchase 73,487 shares of common stock.

Summary

• Gregory Poilasne, the CEO of Nuvve Holding Corp., filed a Form 4 disclosing a transaction on October 31, 2024.
• Poilasne acquired a $250,000 principal amount Senior Convertible Note from the Issuer for $225,000.
• The note bears interest at 8% and is subject to a 19.99% blocker, the Exchange Cap, unless stockholder approval is obtained.
• He also acquired warrants exercisable for 73,487 shares of Nuvve's common stock at $3.78 per share, expiring on October 31, 2029.
• The warrant exercise is also subject to the Exchange Cap unless stockholder approval is obtained.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The acquisition of the convertible note and warrants by the CEO could be seen as a positive sign of confidence, but the Exchange Cap introduces some uncertainty.

Risks

• The Exchange Cap on the convertible note and warrants could limit the number of shares issued unless stockholder approval is obtained, potentially impacting the company's ability to raise capital through these instruments.

Industry Context

Form 4 filings are standard disclosures for company insiders and provide transparency into their transactions in the company's securities.

Stakeholder Impact

• Shareholders may be impacted by the potential dilution from the conversion of the note and exercise of warrants, depending on whether stockholder approval is obtained to exceed the Exchange Cap.

Next Steps

• The company may need to seek stockholder approval to issue shares exceeding the Exchange Cap.

Key Dates

Keywords

Form 4, Nuvve Holding Corp, Gregory Poilasne, convertible note, warrants, beneficial ownership, Exchange Cap