Greenwave Technology sets $3.75 million preferred stock private placement with five investors
On September 7, 2026, Greenwave Technology Solutions agreed to sell 3,750 shares of Series B Convertible Preferred Stock to five institutional investors in a private placement, with gross proceeds expected to be about $3.75 million before fees. The preferred shares are convertible into about 715,649 shares of common stock at $5.24 per share, so conversion would increase the company's common share count and dilute existing holders. The closing is expected on or about September 9, 2026, subject to customary conditions.
Key points
- Gross proceeds expected to be about $3.75 million, before estimated offering fees and expenses, to be used for working capital
- 3,750 Series B shares with a $1,000 stated value each, initially convertible into about 715,649 common shares at $5.24 per share
- Company must file a registration statement for the conversion shares within ten business days of the execution date
- Closing expected on or about September 9, 2026; no public trading market for the Series B shares is expected
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.