Certain holders of Nuvve Holding Corp.'s Series A Convertible Preferred Stock waived rights to Alternate Consideration in the event of a Fundamental Transaction, aligning their treatment with common stockholders upon conversion.
Key takeaways
On March 31, 2026, certain Series A Convertible Preferred Stock holders provided a Waiver to the Certificate of Designation.
Waiver permanently relinquishes rights to Alternate Consideration and Option under Section 7(e) in a Fundamental Transaction.
Holders retain right to convert Preferred Stock into Common Stock prior to a Fundamental Transaction for same treatment as common holders.
Waiver applies to all future holders upon transfer and does not affect other rights under the Certificate of Designation.
Waiver documented in Exhibit 10.1, a letter from CEO Gregory Poilasne.