NewsMV

Greenwave Technology Solutions raises $3.75 million in Series B preferred stock placement

9/13/2026

In focus for $GWAV: Greenwave Technology Solutions, Inc.

closed a private placement of its Series B Convertible Preferred Stock on September 9, 2026, collecting $3.75 million in aggregate gross proceeds from five institutional investors before placement agent fees and other offering costs.

Conversion into common stock at an initial price of $5.24 per share is holder-elected and available from the close date.

The placement issued 3,750 shares at a stated value of $1,000 per share, pursuant to a Purchase Agreement dated September 7.