Financing ·
On September 9, 2026, Greenwave Technology Solutions closed a private placement of Series B Convertible Preferred…
GWAVGreenwave Technology Solutions, Inc.
On September 9, 2026, Greenwave Technology Solutions closed a private placement of Series B Convertible Preferred Stock to five institutional investors for aggregate proceeds of $3.75 million. The company filed a Certificate of Designations authorizing the issuance of 3,750 shares with a stated value of $1,000 per share. These preferred shares are convertible into common stock at an initial conversion price of $5.24 per share and carry customary anti-dilution adjustments and beneficial ownership limitations capped at 4.99%. The filing also details protective provisions restricting corporate actions that would adversely alter the rights of the Series B holders, including amendments to governing documents or issuance of senior equity. Greenwave Technology Solutions operates in the technology sector, providing energy management solutions.