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Greenway Technologies (GWTI) entered a mediated settlement agreement on October 30, 2025. The Company agreed to issue 2,000,000 shares of common stock to the plaintiff, pay $50,000 in cash within four months, and pay an additional $900,000 in 12 equal monthly installments beginning August 1, 2026. Up to three installments may be paid in shares based on the average of the bid and ask prices on the OTCQB Venture Market on the payment date.
As security, the parties agreed to an agreed judgment of $1,250,000, with $656,250 bearing 18% interest and $593,750 bearing 7.5% interest. The Company believes the net financial impact of the settlement is approximately a positive $649,636. A prior summary judgment of $335,234 plus prejudgment interest at 18% per year from January 1, 2025 has been withdrawn. On October 31, 2025, the Company issued the 2,000,000 settlement shares without registration in reliance on Section 4(a)(2).