---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-069595"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:36:36.868750+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-069595
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000121390023069595/0001213900-23-069595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000121390023069595/ea183996-8k_greenwave.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-069595
- JSON: https://secwatch.observer/filing/0001213900-23-069595.json
- Plain text: https://secwatch.observer/filing/0001213900-23-069595.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000121390023069595/0001213900-23-069595-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.