8-K - Nuvve Holding Corp. | StockGist

AI Analysis

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On February 11, 2026, Nuvve Holding Corp. terminated a master services agreement with Fresno Economic Opportunities Commission regarding a fleet electrification project, originally valued at approximately $15.7 million. The Company is disputing the termination and negotiating to recover costs for services provided.

Key Takeaways

1The master services agreement dated May 14, 2024 with Fresno Economic Opportunities Commission was effectively terminated on February 11, 2026.

2The total possible estimated fees and expenses payable to the Company under the Agreement was approximately $15.7 million.

3The Company disputes whether FEOC properly terminated the Agreement and has reserved its rights.

4The Company is currently negotiating with FEOC to determine costs and fees owed for services provided prior to termination.

5There is no assurance as to the amount the Company will ultimately receive from FEOC.

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.02

. Termination of a Material Definitive Agreement On February 11, 2026, Nuvve Holding Corp. (the “Company”) determined that the master services agreement, dated

Material Agreement

$15.7M

9.01

. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within t

Exhibits Only

Transaction Details

Material Agreement

Agreement: master services agreement
Parties: Nuvve Holding Corp., Fresno Economic Opportunities Commission

•Agreement dated May 14, 2024
•Total possible estimated fees and expenses payable to the Company was approximately $15.7 million
•Agreement outlined scope of work, timeline, and pricing for fleet electrification program
•Termination effective February 11, 2026
•Company provided notice of costs and amounts owed to FEOC
•Company disputes whether FEOC properly terminated the Agreement
•Company no longer reasonably believes the business relationship will continue

Exhibits (1)

8-K