Greenwave restructures debt, obtains cash covenant waivers through Sep 2024; warrant exercise to raise $3.3M

Greenwave Technology Solutions, Inc.

Senior secured note holders waived quarterly-cash covenants until Sep 30, 2024, and amortization payments until July 31, 2024.
Warrant exercise inducement: holders exercise up to 16.1M shares at $0.204; raises ~$3.3M; new warrants for 32.3M shares.
Second American Pulverizer 60x85 shredder to double ferrous metal processing capacity; grid connection by April 9, 2024.
Company expects record revenues in 2024 based on record steel volume processed year-to-date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Greenwave Technology Solutions, Inc. entered into Inducement Letters with Holders of Existing Warrants valued at aggregate of up to 16,147,852 shares of the Company’s common stock (effective 2024-03-18).

Action: entry
Agreement: equity purchase
Counterparty: Holders of Existing Warrants
Value: aggregate of up to 16,147,852 shares of the Company’s common stock
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, Greenwave Technology Solutions, Inc., a Delaware corporation (the “Company”), extended warrant exercise inducement offer letters (the “Inducement Letters”) to the holders (the “Holders”) of its existing warrants to purchase shares of the Company’s common stock (the “Existing Warrants”), pursuant to which the Holders can exercise for cash their Existing Warrants to purchase an aggregate of up to 16,147,852 shares of the Company’s common stock

View on SEC.gov

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

Greenwave Technology Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-010355

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.