other material
confidence high
sentiment neutral
materiality 0.80
Greenwave raises $5.26M in equity offering, exchanges $7.22M debt for shares
Greenwave Technology Solutions, Inc.
- Gross proceeds of $5,258,340 from 45,058,612 shares at $0.1167/share and warrants at $0.30/share.
- Issued 61,853,899 shares to DWM Properties LLC to retire $7,218,350 secured promissory note.
- Warrants exercisable after stockholder approval, expire in 5 years; resale registration to be filed.
- Proceeds to fund copper extraction system and metal recycling expansion.
- Financial advisor Dawson James receives $250,000 cash fee and 3,777,777 warrants at $0.375/share.