In Investor Relations, Press Release

Nuvve to Present at Lytham Partners Spring 2021 Investor Conference

Presentation to be held on Tuesday, March 30 at 11:45 AM ET

SAN DIEGO, CA (March 24, 2021)Nuvve Holding Corp (“Nuvve”) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today announced that it will present at the Lytham Partners Spring 2021 Investor Conference on Tuesday, March 30, 2021 at 11:45 AM ET.

A webcast of the presentation will be available on Nuvve’s website at https://nuvve.com/investors/

or https://www.webcaster4.com/Webcast/Page/2583/40369, and will be archived and available for replay following the live event.

Management will also be participating in virtual one-on-one meetings throughout the event from March 30, 2021 through April 1, 2021. To arrange a meeting, please contact Lytham Partners at 1×1@lythampartners.com or register here.

About Nuvve Holding Corp.

Nuvve (NASDAQ: NVVE) is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. Its mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources, including solar and wind. Nuvve’s Grid Integrated Vehicle, GIVe™, platform is refueling the next generation of electric vehicle fleets through intelligent, bidirectional charging solutions. Since its founding in 2010, Nuvve has launched successful V2G projects on five continents and is deploying commercial services worldwide by developing partnerships with utilities, automakers, and electric vehicle fleets. Nuvve is headquartered in San Diego, California, and can be found online at www.nuvve.com.

Nuvve Press Contact

Marc Trahand, EVP Marketing

marc@nuvve.com

+1 858 250 9740

Nuvve Investor Contact

Lytham Partners

Robert Blum or Joe Dorame

nuvve@lythampartners.com

+1 602 889 9700

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding the business combination between Newborn and Nuvve and Nuvve’s strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Newborn and Nuvve disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Newborn and Nuvve caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Newborn or Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the outcome of any legal proceedings that may be instituted against Newborn or Nuvve following the business combination; (ii) the risk that the business combination disrupts Nuvve’s current plans and operations; (iii) Nuvve’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Nuvve to grow and manage growth profitably following the business combination; (iv) costs related to the business combination; (v) risks related to the rollout of Nuvve’s business and the timing of expected business milestones; (vi) Nuvve’s dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (vii) Nuvve’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Nuvve’s accounting staffing levels; (viii) Nuvve’s current dependence on sales of charging stations for most of its revenues; (ix) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (x) potential adverse effects on Nuvve’s revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (xi) the effects of competition on Nuvve’s future business; (xii) risks related to Nuvve’s dependence on its intellectual property and the risk that Nuvve’s technology could have undetected defects or errors; (xiii) changes in applicable laws or regulations; (xiv) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xv) risks related to disruption of management time from ongoing business operations due to the proposed business combination; (xvi) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; and (xvii) the possibility that Nuvve may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the proxy statement/prospectus filed by Newborn and Nuvve Holding with the SEC and in the other reports that Newborn has filed and that Nuvve Holding will file from time to time with the SEC, including Newborn’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Newborn’s and Nuvve Holding’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

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