Form 4: Stonepeak and Evolve Terminate Rights to Nuvve Holding Corp. Securities

Stonepeak Rocket Holdings II LP and Evolve Transition Infrastructure LP terminated their rights to certain warrants and options of Nuvve Holding Corp. on October 15, 2024.

Summary

• On October 15, 2024, Stonepeak Rocket Holdings II LP (Stonepeak), Evolve Transition Infrastructure LP (Evolve), and Levo Mobility LLC entered into a Limited Liability Company Interest Sale Agreement.
• As part of this agreement, Stonepeak and Evolve irrevocably terminated their rights to certain securities of Nuvve Holding Corp. for nominal consideration.
• The terminated securities include Series B, C, D, E, and F warrants, as well as options to purchase shares of common stock at $50.00 per share.
• Prior to the termination, Stonepeak beneficially owned 90% and Evolve owned 10% of the securities.
• The warrants were previously exercisable as described in the Reporting Person's Form 3, dated August 15, 2021.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing describing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This announcement reflects changes in the ownership structure and investment strategy related to Nuvve, potentially impacting the company's future direction and investor sentiment.

Key Dates

Keywords

Nuvve Holding Corp., Stonepeak Rocket Holdings II LP, Evolve Transition Infrastructure LP, securities termination, warrants, options, Form 4, beneficial ownership