Nuvve Schedules Proxy Vote for Reverse Split After 43.6% Share Slump
By ATTN Desk · Editorial oversight: Sean Han
Introduction
Nuvve Holding Corp (NASDAQ: NVVE) develops vehicle-to-grid (V2G) technology that enables bidirectional charging of electric vehicles (EVs), supporting grid stability and the integration of renewable energy. Founded in 2010 and headquartered in San Diego, California, the company has deployed its platform across five continents and offers electrification solutions for fleet operators, utilities, and municipalities.
| Ticker | Exchange | Price (USD) | % Change | Volume |
|---|---|---|---|---|
| NVVE | NAS | 0.1936 | −43.61% | 1,909,539 |
Corporate Structure
Nuvve employs between 11 and 50 professionals, with additional offices in Copenhagen, London, and Newark (Delaware). Its executive team combines experience in telecommunications, finance, and energy:
- Gregory Poilasne, Co-Founder and Chief Executive Officer, has over 20 years in technology development, marketing, and business operations.
- Ted Smith, President and Chief Operating Officer, has more than 20 years in the finance industry and oversees technology commercialization and regulatory compliance.
- David Robson, Chief Financial Officer, has over 25 years of finance and accounting experience, including leadership roles in publicly listed companies.
Supporting functions from strategy and business development to customer experience and compliance are managed by senior vice presidents with backgrounds at companies such as Nissan, Schneider Electric, KPMG, and the U.S. Securities and Exchange Commission.
Electric vehicle charging by Andrew Roberts
Developments and News
On September 3, 2025, Nuvve filed a preliminary proxy statement (PRE 14A) announcing a special meeting of stockholders scheduled for October 6, 2025. The agenda includes a proposal for a reverse stock split in a ratio between 1-for-2 and 1-for-40, as well as a proposal to adjourn the meeting, if necessary, to gather additional proxy votes.
On the same date, the company submitted a Form 8-K (Items 3.01 and 9.01) and on August 28, 2025, another Form 8-K (Items 8.01 and 9.01). These filings generally cover significant corporate events.
In personnel updates, Justin Reese—former Deputy Secretary of the New Mexico Department of Transportation—joined Nuvve New Mexico, LLC in August 2025 as a consultant under Statewide Pricing Agreement SWPA #50-00000-24-08769AA. He will support electrification projects with state agencies, utilities, and rural electric cooperatives.
On August 28, 2025, Anna Bella Korbatov and Rawah Baker represented Nuvve at Drive Clean Colorado’s Coalition Conversation, broadcast live from the Green Transportation Summit & Expo in Tacoma, Washington. The company also noted that applications for the Charge Ahead Colorado grant program will open on September 15 and close on October 17, 2025.
Financial and Strategic Analysis
As of September 4, 2025, NVVE shares traded at $0.1936, reflecting a decline of 43.61% with a trading volume of 1.9 million shares. The proposed reverse stock split aims to enhance the share price and potentially improve market perception. Detailed revenue, net income, and cash flow figures are not available in the proxy statement; these metrics would typically be found in Nuvve’s 10-K or 10-Q filings.
Strategically, Nuvve is pursuing partnerships across the EV ecosystem, leveraging its patented V2G platform to offer grid services—such as peak shaving and frequency regulation—while advancing research and development in energy management and AI integration through its Astrea AI subsidiary.
Market Position and Industry Context
Operating within the renewables and environment sector, Nuvve competes in the emerging V2G market alongside traditional EV charging and stationary storage providers. Its model addresses fleet electrification and critical load applications, positioning the company to benefit from increasing EV adoption and demand for grid flexibility. Regulatory incentives at the federal and state levels, including grant programs such as Charge Ahead Colorado, support the deployment of bidirectional charging infrastructure.
tl;dr
On September 3, 2025, Nuvve scheduled a stockholder meeting for October 6, 2025, to vote on a reverse stock split (1-for-2 to 1-for-40) and a meeting adjournment provision. The company’s share price was $0.1936 (−43.61%) on September 4, 2025. Justin Reese joined Nuvve New Mexico as a consultant in August 2025, and Nuvve executives participated in Drive Clean Colorado on August 28, 2025. Applications for the Charge Ahead Colorado grant will open on September 15 and close on October 17, 2025.