Nuvve (NVVE) Registration Filing summary

Company overview and business model

• Operates a global V2G (vehicle-to-grid) technology platform enabling EV batteries to store and resell unused energy to the grid, providing grid services such as frequency regulation and energy optimization.

• Customers include fleet operators, automotive manufacturers, charge point operators, facility owners, and strategic partners; revenue streams include grid services, charging station sales, mobility fees, and consulting.

• Growth expected in company-owned charging stations funded by government grants, though these are projected to become a smaller share as commercial operations expand.

Financial performance and metrics

• Reported net loss attributable to common stockholders for 2024 was $17.4 million, with a net loss per share of $1,076.70 (post-reverse split adjustment).

• Net loss for the nine months ended September 30, 2025, was $24.8 million, with a net loss per share of $110.4 (post-reverse split adjustment).

• Reverse stock split (1-for-40) effected December 15, 2025; share numbers in financials reflect this adjustment.

Use of proceeds and capital allocation

• Will not receive proceeds from shares sold by selling stockholders; may receive proceeds from cash exercise of warrants and up to $25 million from equity line of credit (ELOC) facility.

• Proceeds from warrant exercises and ELOC sales intended for working capital and general corporate purposes.