Nuvve Holding Corp. [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21
	8-K	8-K	10-K	10-Q/A	10-Q	10-Q/A	10-K	10-Q/A
Operating activities
Net loss		-7.7	46.2	45.6	-53.4	-4.7	-56.1	-53.7

Adjustments to reconcile to net loss to net cash used in operating activities
Depreciation and amortization		0.1	0.1	0.1	0.1	0.1	0.0	0.0
Share-based compensation		1.0	0.7	1.1	1.9	1.5	1.5	1.3

Beneficial conversion feature on convertible debenture
Accretion of discount on convertible debenture
Change in fair value of warrants liability		0.2	-11.1	-10.5	-0.3	-4.8	0.9	-0.6
Change in fair value of derivative liability		0.2	-11.3	-10.5	-0.2	-4.8	0.9	-0.6
Loss on disposal of asset							0.0	0.0
Gain on extinguishment of PPP Loan
Noncash lease expense			0.1	0.1	0.1	0.2	0.0	0.0

Change in operating assets and liabilities
Accounts receivable			-0.1	0.9	-0.5	0.5	-0.8	0.0
Inventory		1.5	0.2	-1.0	-1.5	1.8	-4.9	-2.0
Prepaid expenses and other assets			0.0	-0.6	-0.5	-0.9	3.4	-1.9
Accounts payable		0.0	0.7	-1.7	0.1	-2.5	3.0	-0.6
Accrued expenses		1.0	0.9	1.1	-1.3	0.6	-0.1	0.7
Deferred revenue			0.1	0.2	0.1	0.0	0.6	-0.2
Net cash used in operating activities		-5.8	-5.9	-8.2	-11.6	-8.4	-5.7	-10.1

Investing activities
Proceeds from sale of property and equipment							0.0	0.0
Purchase of property and equipment			-0.1	0.0	-0.1	-0.3	-0.3
Investments in equity securities					-1.0
Net cash used in investing activities		0.0	-0.1	0.0	-1.1	-0.3	-0.3	0.0

Financing activities
Proceeds from Newborn Escrow Account
Redemption of Newborn shares
Issuance costs related to reverse recapitalization and PIPE offering
Proceeds from PIPE offering
Repayment of Newborn sponsor loans
Repurchase of common stock from EDF
Newborn cash acquired
Purchase of stock from investor
Payment of financing costs								-0.5
Payment of finance lease obligations			0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from forward option put exercise					2.0
Proceeds from exercise of pre-funded warrants related to Direct Offering			0.0	0.0
Proceeds from Direct Offering of common stock, net of offering costs				15.0	1.9
Proceeds from common stock offering, net of offering costs				15.0	1.9
Proceeds from exercise of stock options			0.0	0.0	0.2		0.6	0.0
Issuance of Redeemable Preferred Stock								3.1
Payment of Preferred Stock dividends							0.0
Net cash provided by financing activities			0.0	15.0	4.0	0.0	-2.4	2.7
Effect of exchange rate on cash			0.1	-0.1	-0.2	0.1	0.0	0.1
Net increase in cash and restricted cash			-16.5

Supplemental Disclosure of cash information:
Supplemental Disclosure of Noncash Financing Activity
Conversion of preferred stock to common stock
Conversion of debenture and accrued interest to common shares
Conversion of shares due to reverse recapitalization
Issuance of common stock for merger success fee
Non-cash merger transaction costs
Accrued transaction costs related to reverse recapitalization
Issuance of private warrants				15.0	1.9
Forgiveness of PPP Loan
Issuance of Stonepeak and Evolve warrants								2.6
Issuance of Stonepeak and Evolve options