GWAV sells 2.5M shares + warrants for $3.2M gross; warrants exercisable at $1.02 for 5.5 years

Greenwave Technology Solutions, Inc.

Gross proceeds of $3.2M from 2,511,166 shares at $1.27 and warrants to purchase up to 5,022,332 shares.
Warrants are exercisable at $1.02/share immediately and expire 5.5 years from issuance.
Net proceeds to be used for metal recycling expansion, accretive acquisitions, and working capital.
Placement agent Dawson James receives 7.77% cash fee plus warrants for 502,233 shares at $1.275.
Contingent on shareholder approval, prior July 2023 notes/warrants and Nov 2021 warrants adjust to $1.02 exercise price.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Greenwave Technology Solutions, Inc. entered into Purchase Agreement with certain institutional and accredited investors valued at $3,189,181 (effective 2023-08-21).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional and accredited investors
Value: $3,189,181
Effective: 2023-08-21

Exact text from the filing

On August 21, 2023, Greenwave Technology Solutions, Inc. (the “ Company ”) and certain institutional and accredited investors (the “ Purchasers ”) entered into a securities purchase agreement (the “ Purchase Agreement ”), pursuant to which the Company agreed to sell to such Purchasers an aggregate of 2,511,166 shares (the “ Shares ”) of common stock, par value $0.001 per share, of the Company (the “ Common Stock ”), in a registered direct offering, and accompanying warrants to purchase up to 5,022,332 shares of Common Stock (the “ Warrants ”) in a concurrent private placement (the “ Private Placement ”), for gross proceeds of $3,189,181

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23 material agreements filed in the last 30 days. Browse all material agreements →

Greenwave Technology Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-069595

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