other material
confidence high
sentiment neutral
materiality 0.70
Greenwave Technology raises $7M via registered direct offering of 21.1M shares and warrants at $0.3337
Greenwave Technology Solutions, Inc.
- Gross proceeds of $7 million from sale of 21.1M shares and accompanying warrants exercisable at $0.3337 per share.
- Warrants expire 5 years after stockholder approval; exercisable on cashless basis after 120 days if no effective resale registration.
- Company may redeem warrants if stock price exceeds 200% of exercise price for 20 consecutive trading days.
- Net proceeds to be used for debt satisfaction and working capital; closing expected on February 11, 2025.
- Dawson James Securities acts as placement agent with 6% cash fee and 2.11M placement agent warrants at $0.417125 per share.