secwatch.observer — SEC 8-K summary
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Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001493152-24-012175
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224012175/0001493152-24-012175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224012175/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-012175

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer