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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVVE: