Greenwave Technology Solutions prices USD 3.75 million private placement of Series B convertible preferred shares
GWAV•Private placement terms
Greenwave Technology Solutions entered a private placement to sell 3,750 shares of Series B Convertible Preferred Stock.
Gross proceeds are expected to be USD 3.75 million, with net proceeds earmarked for working capital.
Conversion and closing details
The preferred shares carry a USD 1,000 stated value and are initially convertible into 715,649 common shares at USD 5.24 per share.
Closing is expected on or about Sept. 9, 2026, subject to customary conditions.
The sale is structured as an unregistered offering under Securities Act Section 4(a)(2) and Rule 506 of Regulation D.
