other material
confidence high
sentiment neutral
materiality 0.65
Greenwave raises ~$15.3M in registered direct offering and private placement
Greenwave Technology Solutions, Inc.
- Gross proceeds of ~$15.3M from sale of 5,044,885 shares at $3.035 with warrants to purchase 5,044,885 additional shares.
- Warrants exercisable at $2.91 per share, immediately exercisable, expire 5 years from issuance.
- Placement agent Dawson James receives $918,673 cash fee (6% of gross) and 504,489 warrants at $3.79375.
- Net proceeds to be used for debt satisfaction and working capital purposes.
- Offering expected to close on June 12, 2024.