secwatch.observer — SEC 8-K summary
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Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001493152-24-010355
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224010355/0001493152-24-010355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224010355/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010355

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