secwatch.observer — SEC 8-K summary
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Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001493152-23-026622
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315223026622/0001493152-23-026622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315223026622/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026622

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