---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-048321"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T11:22:17.437903+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Greenwave acquires 7 core facilities from CEO for $15M; saves $1.7M annual rent

## Summary
- Purchase price $15M: $3.3M in Series A-1 Preferred (450k shares) + $11.7M note at 10% payable in 4 monthly installments from Dec 31, 2024.
- Transaction closed Dec 2, 2024; sellers are entities affiliated with CEO Danny Meeks (DWM Properties, KPAJ, Oceana Salvage).
- Company expects annual rent savings of ~$1.7M, enhancing cashflow and strategic flexibility.
- Note payments can be extended 30 days if cash balance below $3M; all due within 12 months.
- Acquired facilities include Norfolk, Virginia Beach, Portsmouth with grandfathered licenses; company operates 13 recycling centers.

## SEC filing metadata
- accession: 0001493152-24-048321
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315224048321/0001493152-24-048321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315224048321/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-048321
- JSON: https://secwatch.observer/filing/0001493152-24-048321.json
- Plain text: https://secwatch.observer/filing/0001493152-24-048321.txt

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