GWAV - Greenwave Technology Solutions' Exchanges All Outstanding Notes Held by its Chief Executive Officer into Equity | Benzinga
Greenwave CEO Exchanges $7.22 Million in Debt into Common Shares at $0.1167/Share
Additionally, Company CEO Exchanges $10 Million in Debt into Shares of Series D Preferred
CHESAPEAKE, Va., May 7, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ:GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, is pleased to report its Chairman and Chief Executive Officer, has exchanged an aggregate of approximately $17.22 million in debt into equity comprised of (i) $10.00 million in debt exchanged for shares of Series D Preferred Stock and (ii) $7.22 million in debt exchanged into common stock at $0.1167 per share.