---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010355"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:11:39.142752+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010355
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315224010355/0001493152-24-010355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315224010355/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010355
- JSON: https://secwatch.observer/filing/0001493152-24-010355.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010355.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315224010355/0001493152-24-010355-index.htm

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