---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012754"
form_type: "8-K/A"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:33:48.600668+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Greenwave Technology Exchanges $10M Secured Note for Series D Preferred Stock, Regains Nasdaq Equity Compliance

## Summary
- Exchanged $10,000,000 principal of secured promissory note with DWM Properties LLC for Series D Convertible Preferred Stock convertible at $0.204 per share.
- Issued 27,544,788 inducement warrants and received $2,809,568 from warrant exercises between March 18-26, 2024.
- Converted $2,066,740 of convertible debt into 10,864,690 common shares from January 1 to March 20, 2024.
- Regained compliance with Nasdaq minimum $2.5 million stockholders' equity requirement; equity exceeds $5 million as of filing.
- Nasdaq will continue to monitor compliance; failure in next periodic report may lead to delisting.

## SEC filing metadata
- accession: 0001493152-24-012754
- form_type: 8-K/A
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315224012754/0001493152-24-012754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315224012754/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012754
- JSON: https://secwatch.observer/filing/0001493152-24-012754.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012754.txt

## Key facts
- Governance Changes
  Greenwave Technology Solutions, Inc.: Filed Certificate of Designations for Series D Convertible Preferred Stock, 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/1589149/000149315224012754/0001493152-24-012754-index.htm
- Material Agreements
  Greenwave Technology Solutions, Inc. entered into exchange agreement 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/1589149/000149315224012754/0001493152-24-012754-index.htm

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