Nuvve Holding Corp. (NVVE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 20.12% of current shares
Recent Dilution: Infinity% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
5.3M
Potential Supply
1.1M
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

NVVE currently has 5.31M outstanding shares. with moderate dilution risk from 1.07M authorized shares representing 20.1% potential dilution. The company has significantly diluted shareholders by Infinity% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

10-K filing | 5.3M shares outstanding

5.3M 1.1M
Jan 08, 2026

RW filing: The company has determined not to pursue the resale of shares of the Company's common stock, issuable upon exercise of certain warrants, to which the Registration Statement relates and requests the withdrawal of the Registration Statement.

1.3M 1.1M
Dec 31, 2025

8-K filing: Nuvve Holding Corp. closed a private placement, issuing Series A Convertible Preferred Stock and warrants for common stock, raising $5.4 million. ($10.8M proceeds)

1.3M 1.2M
Dec 15, 2025
Stock Split

8-K filing: Stock split 1-for-40 | Outstanding: 33,566,009 → 1,300,000

1.3M 1.2M
Nov 14, 2025

8-K filing: Nuvve Holding Corp. entered into a Securities Purchase Agreement for the issuance and sale of preferred stock and warrants for an aggregate purchase price of $4,500,000, and also entered into a common shares purchase agreement for a committed equity facility of up to $25 million. ($4.5M proceeds)

34M 49M
Nov 13, 2025

10-Q filing | 33.6M shares outstanding

34M 49M
Aug 28, 2025

8-K filing: Nuvve Holding Corp. approved an equity award to its non-employee directors consisting of 100,000 restricted stock units, which vest immediately.

19M 49M
Aug 15, 2025

S-1 filing: This prospectus relates to the resale from time to time by the selling stockholders of up to 6,000,000 shares of our common stock, issuable upon the exercise of warrants.

19M 49M
Aug 14, 2025

10-Q filing | 18.9M shares outstanding

19M 43M
Jul 15, 2025

8-K filing: Nuvve Holding Corp. closed an offering on July 14, 2025, issuing 3,044,463 shares of common stock and 1,984,940 pre-funded warrants at $0.95 per share, resulting in gross proceeds of approximately $4.8 million. ($4.78M proceeds)

3.7M 43M
Jun 27, 2025

S-3 filing: Nuvve Holding Corp. files an S-3 form to register the offering of common stock, preferred stock, and debt securities, with an aggregate offering price not to exceed $300,000,000.

3.7M 43M
Jun 18, 2025

S-1/A filing: This prospectus relates to the resale from time to time by the selling stockholders of up to 18,782,828 shares of our common stock, which includes shares issuable upon the conversion of senior convertible promissory notes and upon the exercise of warrants.

3.7M 43M
Jun 09, 2025

S-1 filing: This prospectus relates to the resale from time to time by the selling stockholders named in this prospectus of up to 18,782,828 shares of our common stock.

3.7M 43M
May 22, 2025

8-K filing: The Company issued warrants to Goldeneye Services AG, Carson Zabel Rorai and Rafael Recavarren to purchase shares of the Company's common stock at exercise prices of $1.00, $1.25 and $1.50 per share.

3.7M 24M
May 15, 2025

10-Q filing | 3.7M shares outstanding

3.7M 24M
May 14, 2025

S-3/A filing: This prospectus relates to the resale from time to time by the selling stockholder named in this prospectus of up to 1,014,538 shares of our common stock.

3.1M 24M
May 09, 2025

8-K filing: The Company issued warrants to purchase up to an aggregate of 1,500,000 shares of common stock to each of the six consultants, with varying exercise prices and expiration terms.

3.1M 23M
Apr 30, 2025

S-1/A filing: This prospectus relates to the resale of up to 18,573,650 shares of common stock by the selling stockholders, including shares issuable upon conversion of senior convertible promissory notes and exercise of warrants.

3.1M 23M
Apr 29, 2025

8-K filing: Nuvve Holding Corp. acquired substantially all of the assets and certain specified liabilities of Fermata Energy LLC through its subsidiary Fermata Energy II, LLC, in exchange for approximately $659,000, consisting of approximately $340,000 in cash and assumed liabilities, with Fermata 2.0 issuing 4,900,000 convertible preferred units to former debt holders of Seller.

3.1M 110M
Apr 07, 2025

S-1 filing: This is an S-1 filing relating to the resale of up to 54,137,623 shares of common stock by selling stockholders, including shares issuable upon conversion of notes and exercise of warrants.

3.1M 110M
Mar 31, 2025

10-K filing | 3.1M shares outstanding

3.1M 4.7M
Feb 14, 2025

S-3 filing: This prospectus relates to the resale from time to time by the selling stockholder named in this prospectus of up to 341,148 shares of our common stock, which includes shares issuable upon the conversion of a convertible promissory notes and shares issuable upon the exercise of a warrant.

870K 4.7M
Feb 11, 2025

8-K filing: Nuvve Holding Corp. completed a registered direct offering, issuing 108,428 shares of its common stock at $2.966 per share on February 10, 2025.

870K 4.4M
Feb 07, 2025

8-K filing: Nuvve Holding Corp. entered into a securities purchase agreement for a registered direct offering of 108,428 shares of common stock at $2.966 per share, resulting in gross proceeds of $321,597.45, intended for general corporate purposes, with the closing expected on or before February 11, 2025. ($0.32M proceeds)

870K 4.4M
Feb 06, 2025

8-K filing: Nuvve Holding Corp. completed a registered direct offering, issuing 105,000 shares of common stock at $2.65 per share to a purchaser on February 5, 2025. ($0.28M proceeds)

870K 4.4M
Jan 07, 2025

8-K filing: Nuvve Holding Corp. entered into a securities purchase agreement for a private placement involving a convertible note and warrant, and also repurchased shares from its CEO. ($0.0M proceeds)

870K 4.4M
Nov 25, 2024

S-1 filing: This S-1 filing relates to the resale of up to 3,918,034 shares of common stock by selling stockholders, including shares issuable upon conversion of senior convertible promissory notes and exercise of warrants.

870K 4.4M
Nov 13, 2024

10-Q filing | 0.9M shares outstanding

870K 470K
Sep 16, 2024
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 6,230,284 → 0

0 470K
Aug 22, 2024

8-K filing: Nuvve Holding Corp. entered into a Contribution and Unit Purchase Agreement with Nuvve CPO Inc. and WISE EV-LLC to form Deep Impact 1 LLC (SPV), with Nuvve CPO holding a 51% equity interest and Wise holding a 49% equity interest through contributions of $51 and $49, respectively. ($0.0M proceeds)

6.2M 4.7M
Aug 14, 2024

10-Q filing | 6.2M shares outstanding

6.2M 4.7M
May 15, 2024

10-Q filing | 6.2M shares outstanding

6.2M 4.7M
Mar 29, 2024

10-K filing | 6.1M shares outstanding

6.1M 4.7M
Feb 02, 2024

8-K filing: Nuvve Holding Corp. completed an underwritten public offering on February 2, 2024, consisting of common stock, pre-funded warrants, Series A warrants, Series B warrants, and Series C warrants, for gross proceeds of approximately $9.6 million. ($9.6M proceeds)

1 4.7M
Jan 26, 2024

S-1/A filing: This S-1/A filing includes an offering of 2,343,750 shares of common stock together with warrants and pre-funded warrants to purchase up to 2,343,750 shares of common stock in lieu of common stock.

1 4.7M
Jan 19, 2024
Stock Split

8-K filing: Stock split 1-for-40 | Outstanding: 44,948,934 → 1

1 0
Jan 08, 2024

S-1 filing: The filing is an S-1 form for a firm commitment public offering of common stock, pre-funded warrants, and common warrants, with the common stock and common warrants to be sold in a fixed combination. The underwriter has an option to purchase additional warrants.

45M 0
Nov 13, 2023

10-Q filing | 44.9M shares outstanding

45M 0
Oct 27, 2023

8-K filing: Nuvve Holding Corp. completed a registered direct offering of 4,366,092 shares of common stock at $0.15 per share and pre-funded warrants to purchase up to 9,406,848 shares at $0.1499 per warrant, resulting in gross proceeds of approximately $2.07 million before deducting fees. ($0.0M proceeds)

32M 0
Oct 20, 2023

8-K filing: Nuvve Holding Corp. completed a public offering of 7,142,857 shares of common stock at $0.14 per share, with the underwriter partially exercising their over-allotment option to purchase an additional 797,243 shares of common stock, resulting in expected net proceeds of $843,000 thousand.

32M 0
Oct 16, 2023

8-K filing: Nuvve Holding Corp. terminated its At The Market Offering Agreement with Craig-Hallum Capital Group LLC, effective October 16, 2023, after selling 1,530,704 shares of common stock and raising approximately $0.9 million in aggregate net proceeds. ($0.0M proceeds)

32M 0
Aug 11, 2023

10-Q filing | 32.2M shares outstanding

32M 0
Jun 06, 2023

8-K filing: Nuvve Holding Corp. entered into a subscription agreement for the issuance and sale of 2,492,530 shares of common stock at $0.40 per share in a registered direct offering, with gross proceeds expected to be $997,012. ($1.0M proceeds)

25M 0
May 12, 2023

10-Q filing | 24.6M shares outstanding

25M 0
Apr 17, 2023

8-K filing: Nuvve Holding Corp. entered into a subscription agreement to issue and sell 1,818,181 shares of common stock at $0.55 per share in a registered direct offering, with expected gross proceeds of approximately $0.9 million. ($0.0M proceeds)

25M 0
Mar 31, 2023

10-K filing | 25.0M shares outstanding

25M 0
Feb 17, 2023

8-K filing: Nuvve Holding Corp. entered into a subscription agreement to issue and sell 543,478 shares of common stock at $0.92 per share in a registered direct offering, with gross proceeds of approximately $0.5 million to be used for working capital and general corporate purposes. ($0.0M proceeds)

22M 0
Nov 14, 2022

10-Q filing | 22.0M shares outstanding

22M 0
Aug 12, 2022

10-Q filing | 22.4M shares outstanding

22M 0
Jul 28, 2022

8-K filing: Nuvve Holding Corp. entered into a securities purchase agreement for a registered direct offering of 2,150,000 shares of common stock, pre-funded warrants to purchase 1,850,000 shares, and warrants to purchase 4,000,000 shares, with expected gross proceeds of approximately $14 million. ($14.0M proceeds)

19M 0
May 13, 2022

10-Q filing | 18.9M shares outstanding

19M 0
May 02, 2022

8-K filing: On April 22, 2022, Ted Smith purchased 26,900 shares from Nuvve Holding Corp. at $14.87 per share for $400,000. ($0.4M proceeds)

19M 0
Apr 25, 2022

S-3 filing: Nuvve Holding Corp intends to offer and sell up to $25,000,000 of common stock from time to time through Craig-Hallum Capital Group LLC as sales agent in an at the market offering.

19M 0
Apr 07, 2022

POS AM filing: This is a prospectus relating to the offer and sale of common stock and warrants by selling securityholders, as well as the offering of shares of common stock for initial issuance upon the exercise of pre-merger warrants.

19M 0
Apr 07, 2022

POS AM filing: This prospectus relates to the offer and sale from time to time by the selling securityholders of (A) up to 11,000,000 shares of common stock, and (B) up to 6,000,000 Warrants, as well as 6,000,000 Shares for initial issuance upon exercise of the Warrants.

19M 0
Apr 07, 2022

POS AM filing: This prospectus relates to the offer and sale from time to time by the Selling Securityholders identified in this prospectus of shares of our common stock and warrants.

19M 0
Mar 31, 2022

10-K filing | 18.9M shares outstanding

19M 36M
Nov 12, 2021

10-Q filing | 18.6M shares outstanding

19M 36M
Sep 23, 2021

S-1 filing: This is an S-1 filing for the resale of shares and warrants and for the issuance of shares upon exercise of warrants by Nuvve Holding Corp.

19M 36M
Aug 13, 2021

10-Q filing | 18.7M shares outstanding

19M 24M
Aug 04, 2021

8-K filing: Nuvve Holding Corp. formed a joint venture, Levo Mobility LLC, with Stonepeak Rocket Holdings LP and Evolve Transition Infrastructure LP, with Stonepeak and Evolve planning to make capital contributions up to $750 million (which may be increased up to $1 billion) to finance Levo's business. ($2.8M proceeds)

19M 24M
Jul 16, 2021

S-1 filing: This S-1 filing includes the offer and sale from time to time by the selling securityholders of up to 11,000,000 shares of common stock, consisting of (i) 6,000,000 Shares issuable upon the exercise of 6,000,000 warrants and (ii) 5,000,000 Shares issuable upon the exercise of an option, and (B) up to 6,000,000 Warrants. The company is also offering 6,000,000 Shares for initial issuance upon exercise of the Warrants, solely to the extent the Warrants are publicly sold prior to their exercise.

19M 24M
May 24, 2021

10-Q filing | 18.6M shares outstanding

19M 6.8M
May 17, 2021

8-K filing: The Company entered into a letter agreement with Stonepeak Rocket Holdings LP and Evolve Transition Infrastructure LP relating to the proposed formation of a joint venture, Levo Mobility LLC, and issued warrants to purchase common stock and a securities purchase agreement for future potential purchases of common stock. ($250.0M proceeds)

19M 6.8M
Apr 29, 2021

8-K filing: Nuvve Holding Corp. repurchased 134,499 shares of its common stock from EDF Renewables at $14.87 per share for $2,000,000 on April 26, 2021, and Gregory Poilasne and Ted Smith have committed to repurchase those shares from the Company at the same price within 12 months. ($2.0M proceeds)

19M 6.8M
Mar 31, 2021

S-1/A filing: This S-1/A filing registers the resale of common stock and warrants by selling securityholders, as well as the issuance of common stock upon exercise of warrants.

19M 6.8M
Mar 25, 2021

S-1 filing: This S-1 filing relates to the offer and sale from time to time by the selling securityholders of up to 2,778,750 shares of common stock and up to 2,707,500 warrants, and the offering of 1,353,750 shares of common stock for initial issuance upon exercise of warrants.

19M 8.2M
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