Financing ·
Greenwave Technology Solutions entered into a Preferred Stock Purchase Agreement on September 7, 2026, for the private…
GWAVGreenwave Technology Solutions, Inc.
Greenwave Technology Solutions entered into a Preferred Stock Purchase Agreement on September 7, 2026, for the private placement of 3,750 shares of Series B Convertible Preferred Stock to five institutional investors. The transaction is expected to generate approximately $3.75 million in gross proceeds, which the company intends to use for working capital. Each preferred share has a stated value of $1,000 and an initial conversion price of $5.24 per share, allowing conversion into approximately 715,649 shares of common stock. The closing is anticipated on or about September 9, 2026. Greenwave Technology Solutions operates in the technology sector, providing energy management solutions.