Nuvve announced the acquisition of substantially all of the net assets of Fermata Energy through its newly formed subsidiary, Fermata Energy II LLC. Fermata 2.0 issued 4.9M shares of convertible preferred stock to former Fermata debt holders. The total purchase price is approximately $659K, consisting of $340K in cash and the remainder in assumed liabilities. Fermata 2.0 will be jointly led by Nuvve CEO Gregory Poilasne and COO Hamza Lemsaddek.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVVE: