Greenwave Technology Solutions, Inc. (GWAV) Form 8-K — Sep 8, 2026
On September 7, 2026, Greenwave Technology Solutions (GWAV) entered into a Preferred Stock Purchase Agreement with five institutional investors for a private placement of 3,750 shares of Series B Convertible Preferred Stock, with gross proceeds expected to be approximately $3.75 million and closing anticipated on or about September 9, 2026. The company intends to use the net proceeds for working capital. Each preferred share carries a $1,000 stated value and is initially convertible into common stock at $5.24 per share, corresponding to roughly 715,649 total conversion shares.
Key figures
- Gross Proceeds
- 3750000
- Shares Offered
- 3,750 shares of Series B Convertible Preferred Stock
- Investors
- five institutional investors
- Expected Closing Date
- on or about September 9, 2026
- Initial Conversion Shares
- approximately 715,649
- Share Reserve Requirement
- 300% of shares necessary for conversion
- Registration Filing Deadline
- 10 business days after Execution Date
- Stated Value Per Preferred Share
- 1000
- Beneficial Ownership Cap Per Holder
- 4.99%
- Registration Effectiveness Deadline
- 30 business days after Filing Deadline
- Triggering Event Debt Default Threshold
- 500000
- Initial Conversion Price Per Common Share
- 5.24
Price after filing
Close on the filing date to close N calendar days later (from $5.20). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.