Listed company Nuvve issues $4.8 million in common stock to establish HYPE reserves

According to Businesswire, Nuvve, a clean energy electric vehicle charging technology company listed on NASDAQ, announced the issuance of 5029403 common shares (or common stock equivalents) at a public offering price of $0.95 per share, raising approximately $4.8 million in total. Part of the net proceeds from this issuance will be used to advance the expansion of its corporate financial strategy, including the inclusion of HYPE (Hyperliquid native token). All ordinary shares for sale in this issuance will be sold by the company itself. This issuance is expected to be completed around July 14, 2025, subject to meeting customary closing conditions.