Nuvve Results Presentation Deck

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Operating activities Net loss Adjustments to reconcile to net loss to net cash used in operating activities Depreciation and amortization Share-based compensation Beneficial conversion feature on convertible debenture Convertible note issued for services Accretion of discount on convertible notes Accretion of discount on convertible debenture Change in fair value of warrants liability Loss on disposal of asset Gain on extinguishment of PPP Loan Interest expense related to notes converted at discount Noncash lease expense Change in operating assets and liabilities Net cash used in operating activities Investing activities Proceeds from sale of property and equipment Purchase of property and equipment Net cash provided by (used in) investing activities Financing activities Proceeds from issuance of convertible debenture Proceeds from issuance of convertible notes Proceeds from Newborn Escrow Account Redemption of Newborn shares Issuance costs related to reverse recapitalization and PIPE offering Proceeeds from PIPE offering Repayment of Newborn sponsor loans Repurchase of common stock from EDF Newborn cash acquired Payment of investor stock liability Payment of financing costs Payment of Finance Lease Obligations Proceeds from PPP/EIDL Loan Payment of EIDL Loan Proceeds from Exercise of Stock Options Issuance Cost Related to Preferred Stock Payment of Preferred Stock Dividend Issuance of Preferred Stock Net cash provided by financing activities Effect of exchange rate on cash Net increase (decrease) in cash and restricted cash Cash at beginning of year Cash at end of year Ⓒ2022 Nuvve Holding Corp. All rights reserved. Confidential and proprietary 35 $ $ 12/31/2021 (27,162,890) $ 167,558 4,219,989 427,796 116,147 (387,228) 1,326 (492,100) 3,636 (6,101,434) (29,207,200) 7,649 (273,124) (265,475) 58,184,460 (18,629) (3,970,657) 14,250,000 (487,500) (6,000,000) 50,206 (2,000,000) (1,000,000) (5,839) 576,528 (2,939,766) (39,096) 3,138,000 59,737,708 199,593 30,464,625 2,275,895 32,740,520 $ 12/31/2020 (4,885,134) 164,986 599,535 37,497 28,000 94,500 65,519 97,144 719,010 (3,078,943) (22,504) (22,504) 4,000,000 988,500 (263,565) 652,000 (159,900) 22,862 5,239,897 (189,258) 1,949,192 326,703 2,275,895 NUVVE

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