SAN
DIEGO, May 23, 2024 /PRNewswire/ -- Nuvve Holding
Corp. ("Nuvve") (Nasdaq: NVVE), a green energy technology
company that provides a globally-available, commercial
vehicle-to-grid (V2G) technology platform designed to enable
electric vehicle (EV) batteries to store and resell unused energy
back to the local electric grid and provides other grid services,
today announced that it has engaged Cappello Global, LLC ("Cappello
Global") as its strategic financial advisor to identify potential
strategic transaction opportunities to assist with Nuvve's capital
needs that will support both its near term and long term growth
objectives.
During this engagement, the Company expects to review various
potential strategic transaction opportunities aimed at
strengthening Nuvve's balance sheet to support growth acceleration
and asset development in line with Nuvve's forward trajectory as a
leading global V2G green technology company.
There can be no assurance that this process will result in Nuvve
pursuing or consummating any particular transaction or strategic
opportunity. Nuvve has not set a timetable for the completion of
this process and does not intend to comment further unless or until
it is determined that other disclosure is necessary or
appropriate.
Gregory Poilasne, Chief Executive Officer of Nuvve, stated,
"Accelerating our opportunities to scale the business across our
K-12 channel, V2G hubs, and stationary battery storage is a top
priority for us. As such, we are tightening our focus on key
strategic initiatives and considering options that optimally
support our long-term vision. We believe the Cappello Global team
has the right tools and expertise to help Nuvve transition into
this next phase of our development."
About Cappello Global
Cappello Global's seasoned team of professionals have advised on
hundreds of successful strategic and financing transactions,
ranging in value from tens of millions to billions of dollars, for
both public and privately-held companies. For over 51 years, the
founder-owned and operated firm has served businesses in the U.S.
and internationally, ranging from middle market companies to global
corporations encompassing a broad range of industries.
For further details about Nuvve and Cappello Global please
visit www.nuvve.com and www.cappellocorp.com,
respectively.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements or
forward-looking information within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of forward-looking terms
such as "may," "will," "expects," "believes," "aims,"
"anticipates," "plans," "looking forward to," "estimates,"
"projects," "assumes," "guides," "targets," "forecasts,"
"continue," "seeks" or the negatives of such terms or other
variations on such terms or comparable terminology, although not
all forward-looking statements contain such identifying words.
Forward-looking statements include, but are not limited to,
statements concerning Nuvve's expectation that Cappello Global will
assist Nuvve in evaluating strategic transaction opportunities, the
expected timing of any such transactions or opportunities, the
outcome of potential future strategic transactions and the terms
thereof, Nuvve's, plans, intentions, strategies, prospects,
business plans, product and service offerings, new deployments,
potential project successes, expected timing of recently announced
projects, anticipated growth of various business areas and other
statements that are not historical facts. Nuvve cautions you that
these forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Nuvve. Such statements are based
upon the current beliefs and expectations of management and are
subject to significant risks and uncertainties that could cause
actual outcomes and results to differ materially. Some of
these risks and uncertainties can be found in Nuvve's most recent
Annual Report on Form 10-K and subsequent periodic reports filed
with the Securities and Exchange Commission (SEC). Copies of these
filings are available online at www.sec.gov,
https://investors.nuvve.com or on request from Nuvve. These factors
should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in the Nuvve's filings with the SEC. Such forward-looking
statements speak only as of the date made, and Nuvve disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Readers of this press release are cautioned not to
place undue reliance on these forward-looking statements, since
there can be no assurance that these forward-looking statements
will prove to be accurate. This cautionary statement is applicable
to all forward-looking statements contained in this press
release.
Trademarks
This press release contains trademarks, service marks, trade
names and copyrights of Nuvve and other companies, which are the
property of their respective owners.
Nuvve Investor Contact
investorrelations@nuvve.com
+1 (619) 483-3448
Nuvve Press Contacts
press@nuvve.com
+1 (619) 483-3448
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SOURCE Nuvve Holding Corp.
