Newborn Acquisition Corp. (NBAC) to Combine with Nuvve in $132M Deal

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Newborn Acquisition Corp. (NBAC) to Combine with Nuvve in $132M Deal

Newborn Acquisition Corp. (NASDAQ:NBAC) announced this morning that it has signed a definitive merger agreement with Nuvve Corporation that would value the electric vehicle charging company at an enterprise value of $131.6 million. Nuvve’s vehicle-to-grid (V2G) platform allows bi-directional charging meaning that electric vehicle owners can monetize their car’s battery as a source to the
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