---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012175"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:39:47.458154+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greenwave exchanges $10M note for Series D preferred; says Nasdaq equity compliance regained

## Summary
- Exchanged $10M of secured promissory note for Series D Convertible Preferred Stock with DWM Properties LLC.
- Series D convertible to common at $0.204/share, but conversion blocked until senior secured debt fully satisfied.
- Company believes stockholders’ equity exceeds $5M, regaining compliance with Nasdaq minimum $2.5M equity requirement.
- Also issued 27.5M inducement warrants and 13.8M shares for warrant exercises, raising $2.8M (March 18-26, 2024).
- From Jan 1 to Mar 20, 2024, converted $2.07M debt into 10.9M shares.

## SEC filing metadata
- accession: 0001493152-24-012175
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315224012175/0001493152-24-012175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315224012175/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012175
- JSON: https://secwatch.observer/filing/0001493152-24-012175.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012175.txt

## Key facts
- Governance Changes
  Greenwave Technology Solutions, Inc.: Filed Certificate of Designations for Series D Convertible Preferred Stock with the Delaware Secretary of State, creating a new series of preferred stock (effective 2024-03-29).
  - Change: charter amendment
  - Effective: 2024-03-29
  source text: On March 29, 2024, in connection with the Exchange Agreement, the Company filed the Certificate of Designations for the Series D Convertible Preferred Stock with the Secretary of State of the State of Delaware, creating a series of One Thousand (1,000) shares of preferred stock designated as Series D Convertible Preferred Stock (the “Series D”), with each Series D share with a par value of $0.001.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315224012175/0001493152-24-012175-index.htm
- Material Agreements
  Greenwave Technology Solutions, Inc. entered into a equity purchase with DWM Properties LLC valued at $10,000,000 (effective 2024-03-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: DWM Properties LLC
  - Value: $10,000,000
  - Effective: 2024-03-29
  source text: On March 29, 2024, Greenwave Technology Solutions, Inc., a Delaware corporation (the “Company”), entered into an exchange agreement with DWM Properties LLC (the “Holder”), whereby the Company and Holder agreed to exchange $10,000,000 of that certain Secured Promissory Note, dated July 31, 2023, issued by the Company to the Holder for shares of the Company’s newly created Series D Convertible Preferred Stock (the “Preferred Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315224012175/0001493152-24-012175-index.htm

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