Nuvve Holding Corp. Receives Nasdaq Delisting Notice After Failing Bid Price Rule

Key Points for Investors:

• Nasdaq Delisting Notice: On April 20, 2026, Nuvve Holding Corp. received a formal notification from the Nasdaq Stock Market LLC indicating that the company’s common stock had closed below \$1.00 per share for 30 consecutive trading days. As a result, Nuvve is no longer in compliance with Nasdaq Listing Rule 5550(a)(2), commonly known as the “Bid Price Rule.”
• Ineligibility for Compliance Period: Nasdaq further specified that Nuvve is not eligible for any compliance period under Rule 5810(c)(3)(A) because the company has conducted a reverse stock split within the past year and, in total, has effected one or more reverse stock splits over the prior two years with a cumulative ratio of 250 shares or more to one.
• Impending Suspension and Delisting: Unless Nuvve requests an appeal, the company’s securities will be suspended from trading on the Nasdaq Capital Market at the opening of business on April 29, 2026. A Form 25-NSE will be filed with the U.S. Securities and Exchange Commission (SEC) to remove Nuvve’s securities from listing and registration on Nasdaq.
• Company Action and Appeal: Nuvve has stated its intent to timely request a hearing before Nasdaq’s Hearings Panel before the April 27, 2026 deadline. This request will automatically stay any trading suspension or delisting actions pending the hearing and any potential extension period granted by the Panel.
• Uncertainty Remains: There is no assurance that the Hearings Panel will grant continued listing or that Nuvve will regain compliance with the Bid Price Rule. If Nuvve regains compliance before the hearing, the hearing may not be necessary.

What Shareholders Need to Know

• This is a material development—delisting from Nasdaq could have significant negative impacts on Nuvve’s liquidity, market visibility, and share price.
• The company has been unable to sustain a share price above \$1.00, a critical minimum for Nasdaq listing standards. This may reflect ongoing market concerns about the company’s fundamentals or future prospects.
• Nuvve has already conducted substantial reverse stock splits in the last two years, totaling a cumulative ratio of 250-to-1 or more. This indicates previous attempts to regain compliance have failed and may raise shareholder concerns about dilution and long-term viability.
• If delisted, Nuvve’s stock may trade on over-the-counter (OTC) markets, which tend to be less liquid and more volatile, making it harder for shareholders to sell their positions at favorable prices.
• The company’s Board and management have stated their intention to take all reasonable measures to regain compliance, but there are no guarantees of success.
• There is a near-term deadline for appeal (April 27, 2026) and a potential delisting date (April 29, 2026), making this a critical period for investors to monitor developments.

Details of the Situation

On April 20, 2026, Nuvve Holding Corp. (Nasdaq: NVVE) disclosed that it received a written notice from Nasdaq’s Listing Qualifications Department due to the company’s failure to maintain a minimum bid price of \$1.00 per share for 30 consecutive trading days. This triggers non-compliance with Nasdaq Listing Rule 5550(a)(2). Complicating matters, because the company has effected multiple reverse stock splits in the prior two years—at a cumulative ratio of 250-to-1 or more—Nuvve is ineligible for the standard compliance period to cure the deficiency.

The notice warns that Nuvve’s securities are scheduled for suspension from Nasdaq trading at the opening on April 29, 2026, and that a delisting filing with the SEC will follow unless the company submits a timely appeal. Nuvve has confirmed its intention to request a hearing, which will automatically stay any trading suspension or delisting action until the hearing and any potential extension period. Importantly, if compliance is regained before the hearing, the hearing process may be canceled.

Nuvve’s management asserts it will take all reasonable measures to regain compliance, but cautions that there is no assurance the Hearings Panel will grant continued listing or that compliance will be regained or maintained. The company’s shares currently trade under the ticker “NVVE” on Nasdaq.

This development follows a history of reverse stock splits, which may signal ongoing challenges in maintaining the minimum bid price required for Nasdaq listing. Shareholders should be aware that delisting could significantly impact the value and tradability of Nuvve shares.

Forward-Looking Statements Notice

This news contains forward-looking statements, including Nuvve’s intentions and ability to regain compliance and the possible outcomes of the Nasdaq hearing and appeal process. Actual results may differ materially due to various risks and uncertainties, and Nuvve undertakes no obligation to update forward-looking statements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions. The information presented herein is based on public filings and may be subject to change or updates without notice.

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