other material
confidence high
sentiment neutral
materiality 0.65
Greenwave Technology amends 8-K to show pro forma effect of Senior Notes conversion into 6.7M shares
Greenwave Technology Solutions, Inc.
- Converts $25.2M principal (net of $12.5M debt discount) and $744K accrued interest into common stock.
- Issues 6,712,733 shares at $8.07 per share, increasing APIC by $54.2M.
- Pro forma eliminates $25.2M convertible notes payable and reduces total liabilities by $26.0M.
- Shareholders' equity increases by $26.0M to $27.2M as of March 31, 2022.