Greenwave technology solutions' exchanges all outstanding notes held by its chief executive officer into equity

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.
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