Greenwave Technology Solutions closes $3.75 million Series B preferred stock private placement
Greenwave Technology Solutions closed a private placement of Series B Convertible Preferred Stock on September 9, 2026, raising $3.75 million before placement agent fees and other offering expenses. The preferred shares are convertible into common stock at an initial price of $5.24 per share, which creates potential dilution for existing common shareholders, and the company may not take certain actions, such as paying common dividends or issuing senior or parity preferred stock, without holder approval.
Key points
- Closed September 9, 2026 with five institutional investors; aggregate proceeds of $3.75 million before fees and expenses
- Authorizes 3,750 shares of Series B Preferred Stock, stated value $1,000 per share
- Initial conversion price of $5.24 per share, with a 4.99% beneficial ownership cap on conversion
- Holders have no voting rights except on certain matters affecting the preferred stock
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 11, 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.