Greenwave Technology Solutions prices Series B preferred private placement at USD 5.24 conversion price
GWAV•Series B preferred private placement terms
Greenwave Technology Solutions closed a private placement of Series B Convertible Preferred Stock on Sept. 9, 2026.
The company authorized 3,750 shares of Series B, with a stated value of USD 1,000 per share, convertible into common stock.
The initial conversion price was set at USD 5.24 per common share, subject to customary anti-dilution adjustments.
Conversions are capped so that no holder may exceed 4.99% beneficial ownership of the common stock.
The sale relied on Securities Act exemptions under Section 4(a)(2) and/or Rule 506 of Regulation D.
