---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-026622"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:19:33.550196+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Greenwave expects positive EBITDA in 2023; downstream processing generating $38k/day; secures $15M financing

## Summary
- Downstream processing system at Kelford, NC operational; averaging $38k/day revenue with >80% margins; targeting >$1M/month by end of 2023.
- Second automotive shredder expected to commence Q3 2023, doubling ferrous metal processing capacity; Company expects positive EBITDA for FY 2023.
- Cleveland facility generating ~$100k/month; expects ramp to >$500k/month in 2024; shear baler to commence in August 2023.
- Closed $15M private placement of senior secured convertible notes and warrants; proceeds to retire factoring advances and reduce equipment debt.
- CEO Danny Meeks exchanged Series Z Preferred for 1,013,500 common shares; sold real property to company for $17.2M secured note.

## SEC filing metadata
- accession: 0001493152-23-026622
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315223026622/0001493152-23-026622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315223026622/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026622
- JSON: https://secwatch.observer/filing/0001493152-23-026622.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026622.txt

## Key facts
- Debt Financings
  Greenwave Technology Solutions, Inc. incurred senior notes of approximately $15,000,000 with certain institutional investors at 18% per annum maturing July 31, 2025.
  - Instrument: senior notes
  - Principal: approximately $15,000,000
  - Counterparty: certain institutional investors
  - Rate: 18% per annum
  - Maturity: July 31, 2025
  - Event: incurrence
  source text: On July 31, 2023, Greenwave Technology Solutions, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with certain institutional investors as purchasers (the “Investors”). Pursuant to the Purchase Agreement, the Company sold, and the Investors purchased, approximately $15,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315223026622/0001493152-23-026622-index.htm
- Material Agreements
  Greenwave Technology Solutions, Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $15,000,000 (effective 2023-07-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: approximately $15,000,000
  - Effective: 2023-07-31
  source text: On July 31, 2023, Greenwave Technology Solutions, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with certain institutional investors as purchasers (the “Investors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315223026622/0001493152-23-026622-index.htm
- Material Agreements
  Greenwave Technology Solutions, Inc. entered into Warrant Repricing Agreement with the holders of common stock purchase warrants (effective 2023-07-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the holders of common stock purchase warrants
  - Effective: 2023-07-31
  source text: On July 31, 2023, the Company entered into a letter agreement (the “Warrant Repricing Agreement”) with the holders (the “Holders”) of common stock purchase warrants
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315223026622/0001493152-23-026622-index.htm

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