Nasdaq listed energy company Nuvve plans to raise $4.8 million to establish HYPE token reserves

Golden Finance reported that Nuvve, a clean energy electric vehicle charging technology company listed on NASDAQ, announced the issuance of 5029403 ordinary shares at a public offering price of $0.95 per share, raising a total of approximately $4.8 million. Lucid Capital Markets served as the book manager for this issuance. Nuvve stated that it will use the funds to purchase the Hyperliquid native token HYPE to establish a reserve of HYPE tokens. The company has previously disclosed that its management has decided to establish a digital finance strategy and intends to use 30% of its idle funds to purchase Bitcoin.