Nuvve Holding Corp

Kurta Law is investigating broker recommendations of Nuvve Holding Corp (NASDAQ: NVVE). These investments were extremely high risk, and brokers are required by Regulation Best Interest to only recommend investments that fit their customers’ risk tolerance. Additionally, FINRA Rule 2020 prohibits brokers from misrepresenting an investment or omitting any material information regarding its risks. All of the risks associated with this investment are listed in the prospectus, the document that companies file with the Securities and Exchange Commission when they register securities. 

If you believe you suffered investing losses as a result of broker fraud or misconduct, contact a securities attorney today. Call (877) 600-0098 or email info@kurtalawfirm.com.  

About Nuvve Holding Corp.  

According to the prospectus, Nuvve Holding Corp seeks to make electric vehicle batteries more efficient and cost-effective by managing power among batteries and the grid.  

The Offering 

The prospectus dated October 18, 2023, announced that Nuvve Holding Corp was offering 7,142,857 shares of common stock for $0.14 per share. Penny stocks always come with a high degree of risk.  

Risks Associated with Nuvve Holding Corp  

The following risks are disclosed in the prospectus. The prospectus states, “Investing in our securities involves a high degree of risk.” Any broker who recommended these investments would have known about these risks.  

Stock Price Volatility  

According to the prospectus, “The market price for this stock has experienced significant price and volume volatility and is likely to continue significant volatility in the future, which may cause the value of any investment in our common stock to decline.”  

Future Sales of Stocks  

The exercise of any options, the issuance of more stock, or the exercise of any warrants could all adversely affect the market price of Nuvve Holding Corp. common stock.  

Minimum Bid Price  

At the time of the prospectus filing, Nuvve Holding Corp. stock traded for less than a $1.00 per share. If the stock failed to increase its price to over $1.00 per share, it would be in danger of being delisted from the NASDAQ stock exchange.  

Active Trading Market  

An active trading market for this stock may not be maintained. (For instance, stocks that trade for less than $1.00 per share are in danger of being delisted from the public stock exchange.)  

Aegis Capital Corp. Underwriting    

Investors should know that Aegis Capital Corp. served as the underwriter for this offering. Underwriters take on risk in exchange for a fee, which could motivate certain investment banks to underwrite investments that pose too much risk for the average retail investor. Additionally, brokers may have conflicts of interest when they recommend shares that are underwritten by an affiliate of their brokerage firm. 

Kurta Law Can Help  

Contact Kurta Law today for a free case evaluation – keep in mind that you have a limited time to file a claim. Our attorneys do not collect a fee unless we win your case. If you have any questions, call (877) 600-0098 or email info@kurtalawfirm.com.