debt
confidence high
sentiment neutral
materiality 0.65
Greenwave issues 2.15M shares to CEO-controlled DWM to settle $8.0M debt
Greenwave Technology Solutions, Inc.
- Issued 2,152,853 common shares to DWM Properties LLC, controlled by CEO Danny Meeks.
- Settled $5,391,859 principal on DWM promissory note and $2,608,141 in related-party payables (total $8,000,000).
- Shares issued at Nasdaq Minimum Price under Sections 3(a)(9) and 4(a)(2); unregistered.
- Exchange eliminates $8.0M debt from balance sheet, increases equity and dilutes existing holders.