---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018511"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:59:42.749409+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Greenwave Technology waives conversion prohibition on $15M senior notes, enabling conversion at low stock prices

## Summary
- On May 9, 2024, Greenwave and investors signed a Waiver Agreement removing the Conversion Prohibition from the March 2024 consent.
- The March consent had barred conversion of senior notes if the 3-day average closing price was below $0.25, effective until May 20, 2024.
- The waiver allows immediate conversion of the ~$15M senior secured convertible notes even at stock prices below $0.25.
- Potential dilution from conversion could further pressure GWAV stock, already trading near $0.20 range.
- The original $15M notes were issued in August 2023 under a Purchase Agreement with institutional investors.

## SEC filing metadata
- accession: 0001493152-24-018511
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315224018511/0001493152-24-018511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315224018511/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018511
- JSON: https://secwatch.observer/filing/0001493152-24-018511.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018511.txt

## Key facts
- Material Agreements
  Greenwave Technology Solutions, Inc. amended Waiver Agreement with certain institutional investors (effective 2024-05-09).
  - Action: amendment
  - Counterparty: certain institutional investors
  - Effective: 2024-05-09
  source text: On May 9, 2024, the Company and the Investors entered into a Waiver Agreement (the “Waiver Agreement”), pursuant to which the Company and the Investors decided to waive the Conversion Prohibition in the March Consent and Waiver.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315224018511/0001493152-24-018511-index.htm

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