other material
confidence high
sentiment neutral
materiality 0.65
Greenwave raises ~$4M in registered direct offering, amends warrants to lower exercise price
Greenwave Technology Solutions, Inc.
- Gross proceeds ~$4M from 7,544,323 shares plus warrants at $0.5302/unit.
- Exchanged June warrants for 5,327,401 shares, retiring warrants for 5,549,374 shares.
- Amended existing warrants: exercise price cut from $2.91 to $1.50; shares increased by 250% to 11,346,743.
- CEO Danny Meeks entered voting agreement to support stockholder approval of warrant shares.
- Net proceeds to be used for debt satisfaction and working capital.