Nuvve Holding Receives Compliance Notice from Nasdaq
Nuvve Holding announced that it received written notice on May 22 from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that, since the company had not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) relating to the company's obligation to file periodic financial reports for continued listing. The company intends to timely request a stay of suspension, pending a decision from the Panel. The Company is working to satisfy Nasdaq's requirements in a timely manner. In the event that the company regains compliance with the Rule prior to any scheduled hearing date, then a hearing may not be necessary, as the company may be mooted out of the hearings process. The company intends to take all reasonable measures available to regain compliance under the Rule and remain listed on Nasdaq.