Nuvve Holding Corp.
10/03/2024 | Press release | Distributed by Public on 10/03/2024 04:01
Material Event Form 8 K
Item 8.01. Other Events.
As previously disclosed, on March 27, 2024, Nuvve Holding Corp. (the "Company") received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market, LLC ("Nasdaq") notifying the Company that, for the then-preceding 30 consecutive trading days the closing bid price of the Company's common stock, par value $0.0001 per share (the "Common Stock"), had closed below the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company was provided with an initial period of 180 calendar days to regain compliance with the Bid Price Rule.
On October 1, 2024, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with Nasdaq Listing Rule 5550(a)(2), because for the last 10 consecutive business days, from September 17, 2024 through September 30, 2024, the closing bid price of the Company's Common Stock had been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers this matter closed.