Foresight News reports that Nuvve, a clean energy electric vehicle charging technology company listed on NASDAQ, announced the issuance of 5,029,403 shares of common stock at a public offering price of $0.95 per share, raising approximately $4.8 million in total, with Lucid Capital Markets serving as the bookrunner for this offering.
Nuvve stated that it will use the funds to purchase and establish a Hyperliquid native token HYPE to build a reserve of HYPE tokens. The company previously disclosed that management has decided to establish a digital finance strategy and plans to use 30% of idle funds to purchase Bitcoin.
