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Nuvve Holding Corp.

0.8991

-0.0379-4.04%

Pre-market: 0.92000.0209+2.32%08:25 EDT

Volume:130.76K

Turnover:113.96K

Market Cap:2.76M

PE:-0.03

High:0.9300

Open:0.9280

Low:0.8300

Close:0.9370

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BRIEF-Nuvve Expands IP, Revenue, And Market Reach With Strategic Assets Acquisition Of Fermata Energy

Nuvve Expands Ip, Revenue, and Market Reach With Strategic Assets Acquisition of Fermata Energy

THOMSON REUTERS

Press Release: Nuvve Expands IP, Revenue, and Market Reach with Strategic Assets Acquisition of Fermata Energy

EXCLUSIVE: Nuvve Acquires Fermata Energy, Says Deal Adds Resilience Amid Evolving Tariff Policies

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The total purchase price is approximately $659,000, consisting of approximately $340,000 in cash and the remainder in assumed liabilities.\"This partnership ensures continuity for our technology and our mission, \" said David Slutzky, Foun","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IP","NVVE"],"gpt_icon":0},{"id":"2531073665","title":"EXCLUSIVE: Nuvve Acquires Fermata Energy, Says Deal Adds Resilience Amid Evolving Tariff Policies","url":"https://stock-news.laohu8.com/highlight/detail?id=2531073665","media":"Benzinga","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2531073665?lang=en_us&edition=fundamental","pubTime":"2025-04-29 20:33","pubTimestamp":1745930021,"startTime":"0","endTime":"0","summary":"Nuvve Holding Corp.  on Tuesday announced the acquisition of Fermata Energy LLC, a V2G platform provider in the U.S.The acquisition was completed through Nuvve’s newly formed subsidiary, Fermata II LLC , which focused on scaling intelligent, bidirectional energy solutions.Fermata 2.0 issued 4,900,000 shares of convertible preferred stock to former Fermata debt holders as part of the transaction. The total purchase price is approximately $659,000, consisting of $340,000 in cash and the remainder in assumed liabilities.Immediate operational efficiencies include consolidating software platform teams and AWS infrastructure within Fermata 2.0, significantly reducing annual expenses by approximately $2 million. Sales synergies are emerging as Nuvve expands its hardware offerings into markets previously served by Fermata.Joint engineering and R&D initiatives will pursue innovation and collaborative grant-funded projects, further supported by the combined Nuvve and Fermata IP and engineering 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