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Recent Updates — GWAV

September 11, 2026View Source ↗

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.

September 8, 2026View Source ↗

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.

August 27, 2026View Source ↗

On August 24, 2026, Greenwave Technology Solutions entered into an Exchange Agreement with DWM Properties LLC, controlled by CEO Danny Meeks. The company issued 2,152,853 shares of common stock to satisfy a promissory note principal balance of $5,391,859 and other related party amounts totaling $2,608,141 owed to Mr. Meeks and his affiliates. This transaction represents an unregistered sale of equity securities in exchange for debt relief.