secwatch.observer — SEC 8-K summary
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Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K/A
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001493152-24-012754
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224012754/0001493152-24-012754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224012754/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-012754

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