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Nuvve Holding Corp and Newborn Acquisition Corp have completed their business combination, with Newborn shareholders approving the deal on March 17, 2021. Nuvve is set to begin trading under the ticker 'NVVE' on Nasdaq on March 23, 2021. The transaction provided Nuvve with approximately $62 million in cash proceeds, which will be used to enhance its vehicle-to-grid (V2G) offerings and infrastructure. The global V2G technology market is projected to be worth over $17 billion by 2027, positioning Nuvve favorably in the growing electric vehicle sector.
On March 17, 2021, Newborn Acquisition Corp. (Nasdaq: NBAC) announced that its shareholders approved the business combination with Nuvve Corporation, a leader in vehicle-to-grid (V2G) technology. Following the approval at an extraordinary meeting, the merger is expected to close shortly. Nuvve will be renamed Nuvve Holdings Corp., with ticker symbols changing to 'NVVE' for common shares and 'NVVEW' for warrants. Newborn holds approximately $57.5 million in its trust account, which will play a role in the merger's execution.
Nuvve Corporation, a leader in vehicle-to-grid technology, will have its Chairman and CEO, Gregory Poilasne, participate in a virtual panel at the 33rd Annual ROTH Conference on March 17, 2021, at 11:00 AM ET. This event will discuss the future of gas stations. Recently, Nuvve announced a business combination with Newborn Acquisition Corp. (NASDAQ: NBAC), which will transition Nuvve to the Nasdaq under the ticker symbol NVVE. Nuvve's mission focuses on reducing electric vehicle ownership costs and enhancing renewable energy integration.
Newborn Acquisition Corp. (NASDAQ:NBAC) has scheduled an extraordinary general meeting for shareholders on March 17, 2021, to vote on the proposed business combination with Nuvve Corporation. The meeting will take place in Shanghai, China, with virtual attendance encouraged due to COVID-19 restrictions. Shareholders as of February 10, 2021, are urged to cast their votes. Newborn reported having approximately $57.5 million in its trust account and aims to complete the merger swiftly post-meeting.
Newborn Acquisition Corp. (NASDAQ:NBAC) is urging shareholders to vote for extension proposals to facilitate its business combination with Nuvve Corporation, a green energy technology firm based in San Diego. This extension is necessary to complete the merger without additional trust account funding. Shareholders will have the opportunity to vote on the actual business combination later.
The Extraordinary General Meeting is set for February 18, 2021, to discuss this proposal amid ongoing COVID-19 restrictions, with virtual attendance encouraged.
Newborn Acquisition Corp. (NASDAQ:NBAC) announced the postponement of its Extraordinary General Meeting to February 18, 2021, at 8:00 a.m. Hong Kong Time. This delay allows more time to secure proxies for approving the Extension Amendments, requiring over 50% shareholder support from its IPO. Despite a significant number of votes in favor, the company emphasizes the need for shareholders with smaller stakes to participate. In light of COVID-19, virtual attendance is encouraged. Newborn holds approximately $57.5 million in its trust account, aimed at facilitating business combinations.
Newborn Acquisition Corp. (NASDAQ:NBAC) is holding an Extraordinary General Meeting on February 10, 2021, at 8:00 a.m. Hong Kong Time to vote on an extension for a Business Combination deadline from February 19 to May 19, 2021. Shareholders received notifications for proxy voting and redemption elections. Approval requires over two-thirds of shareholder votes. The company holds approximately $57.5 million in its trust account to facilitate mergers or acquisitions. Investors are urged to exercise voting rights and review proxy materials filed with the SEC.
Newborn Acquisition Corp. (NASDAQ:NBAC) will hold an Extraordinary General Meeting on February 10, 2021, to vote on extending the deadline for its Business Combination with Nuvve Corporation by three months, from February 19 to May 19, 2021. This extension does not require additional funds to be deposited in the trust account. Shareholders will have the option to redeem their shares. The Business Combination is anticipated to be completed in Q1 2021, pending shareholder approval and customary closing conditions. Newborn currently holds approximately $57.5 million in its trust account.
Nuvve Corporation and IoTecha Corp. have partnered to launch a bidirectional charging solution for electric vehicles (EVs) using Combined Charging Standard (CCS) plugs and the ISO/IEC15118 protocol. This integration allows automotive OEMs to enable bidirectional energy flow, enhancing EV utility. The collaboration targets sectors like electric school buses, which can provide grid services, reducing costs for school districts. Nuvve recently announced a merger with Newborn Acquisition Corp. (NBAC), transitioning to a public company, with expected benefits for EV infrastructure and renewable energy integration.
