Greenwave Technology to sell 7.54M shares at 53.02c in registered direct offer

TipRanks

Tue, Jan 14, 2025, 7:36 AM 1 min read

Greenwave Technology (GWAV) Solutions announced the entry into a securities purchase agreement with institutional and accredited investors for a registered direct offering and concurrent private placement priced at the market as of January 10. The company is set to raise approximately $4M in gross proceeds before deducting fees and expenses. The agreement involves the sale of 7,544,323 shares of common stock at a price of 53.02c per share, along with accompanying warrants to purchase an equal number of shares. The warrants, exercisable at 53.02c per share following approval by stockholders, will expire five years from the date stockholders approve the issuance. The offering is expected to close on or about Tuesday, January 14. Dawson James Securities is acting as the sole placement agent for this transaction.

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