secwatch.observer — SEC 8-K summary
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Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001493152-25-005772
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenwave Technology raises $7M via registered direct offering of 21.1M shares and warrants at $0.3337
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315225005772/0001493152-25-005772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315225005772/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-005772

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer