Nuvve Holding Corp. (NVVE)

Nuvve Holding Corp. is a San Diego, California company that developed vehicle-to-grid (V2G) technology, which allows electric vehicle batteries to feed stored energy back to the electric grid as well as draw power from it. The business traces its origins to 2010 and to research on V2G systems associated with the University of Delaware. Its operations spanned North America, Europe and Japan.

The company's platform, branded Grid Integrated Vehicle (GIVe), coordinates the charging and discharging of many vehicles so that they can provide grid services and, in aggregate, act as a virtual power plant. Nuvve sold bidirectional and unidirectional charging stations, together with the software and services needed to operate them, and focused on fleet customers such as school and transit buses, as well as commercial fleets.

Nuvve became a public company in March 2021 through a business combination with Newborn Acquisition Corp., a special purpose acquisition company. Following the transaction, the combined company took the name Nuvve Holding Corp. and its common stock was listed on Nasdaq under the symbol NVVE. Like many early-stage clean-technology companies, it reported recurring operating losses and relied on equity financings to fund its operations.

Over time the company's share price declined substantially and it carried out reverse stock splits in an effort to maintain its Nasdaq listing. In 2026 Nasdaq Listing Qualifications staff issued determinations under Listing Rule 5550(a)(2), which governs the minimum bid price, and Listing Rule 5280(c)(1). Nuvve appealed the first determination to a Nasdaq Listing Qualifications Hearings Panel, which held a hearing on May 28, 2026.

The panel reached its decision on July 8, 2026 and issued a letter the following day finding that the company no longer qualified for listing. Trading in the common stock was suspended on July 24, 2026, and the shares began to trade on the over-the-counter market under the same symbol, NVVE. The staff delisting determination became final on August 24, 2026.

Nasdaq issued its formal delisting determination on September 17, 2026, and a Form 25 was filed with the Securities and Exchange Commission in early October 2026. Removal of the common stock from listing took effect at the opening of trading on October 19, 2026. The delisting was the result of non-compliance with exchange rules and was not connected to an acquisition or merger, so no cash or stock consideration was paid to shareholders.