Nuvve to implement 1-for-18 reverse stock split on July 6
Seeking Alpha ·
Nuvve Holding ( NVVE ) said on Tuesday it will implement a 1-for-18 reverse stock split of its common stock, effective July 6, as it seeks to regain compliance with Nasdaq's minimum $1 bid price requirement. The company's shares will begin trading on a split-adjusted basis when markets open on July 6 under the ticker symbol "NVVE." The reverse split will reduce Nuvve's outstanding shares to about 524,652 from approximately 9.44M, while the number of authorized shares will remain unchanged. Stockholders approved the reverse split proposal at a special meeting on June 23.
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