Here are the S-1 registration statements from Greenwave Technology Solutions, Inc. (GWAV) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow GWAV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GWAV filings page.
Greenwave Technology Solutions, Inc. (GWAV) is registering up to 3,571,429 shares of common stock for resale by existing investors, all issuable upon conversion of outstanding Series B Convertible Preferred Stock sold in a recent private placement.
GWAV will not receive any proceeds from these resales, though it previously received $3.75 million when issuing the Series B Preferred Stock. The Series B initially converts at $5.24 per share, with downside-protection features including an Effective Date reset and an Alternate Conversion Price floored at $1.05, subject to a 4.99% Beneficial Ownership Limitation and a 19.99% Exchange Cap tied to Nasdaq rules.
After full conversion of the registered shares, common stock outstanding would increase from 2,982,484 to 6,553,913 shares, creating significant potential dilution and an overhang from sales by the selling stockholders, while GWAV remains a smaller reporting company with a limited operating history, customer concentration, going‑concern language, prior internal control weaknesses, and a history of Nasdaq compliance issues.