Nuvve Acquires Substantially All Assets of Fermata Energy

Nuvve Holding Corp. (Nasdaq: NVVE) acquired substantially all of the net assets of Fermata Energy LLC through a newly formed subsidiary, Fermata Energy II LLC. The deal—approximately $659,000 in total consideration (about $340,000 cash plus assumed liabilities)—included issuance of 4,900,000 shares of convertible preferred stock to former Fermata debt holders and transfers key V2G IP, team members, and customer relationships to the combined platform. Nuvve says the acquisition will expand its V2G capabilities, broaden market reach across utilities, OEMs and fleets, and drive cost and product synergies through platform consolidation.