Greenwave exchanges 1,000 Series D preferred shares for 200M common shares with DWM Properties LLC

Greenwave Technology Solutions, Inc.

Exchange of 1,000 Series D Preferred Shares for 200,000,000 common shares under Section 3(a)(9).
Series D shares were issued March 29, 2024 in exchange for $10M principal of a $17.2M secured promissory note.
Common shares issued unregistered; reliance on exemption for exchange of securities.
DWM Properties LLC is the Holder; Danny Meeks signs as President of DWM and CEO of Greenwave.

item 1.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Greenwave Technology Solutions, Inc. entered into Exchange Agreement with DWM Properties LLC (effective 2024-05-10).

Action: entry
Agreement: equity purchase
Counterparty: DWM Properties LLC
Effective: 2024-05-10

Exact text from the filing

On May 10, 2024, the Company entered into an exchange agreement (the “ Exchange Agreement ”) with DWM Properties LLC (the “ Holder ”), whereby the Company and Holder agreed to exchange 1,000 shares of the Company’s Series D Preferred Stock, par value $0.001 per share (the “Series D Shares”) held by the Holder for 200,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”).

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Source: SEC EDGAR

accession 0001493152-24-020300

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