Greenwave technology solutions strengthens balance sheet by approximately $14.87 million

Company believes it has regained compliance with nasdaq's shareholder equity requirement chesapeake, va. , april 1, 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, today announced that during the first quarter of 2024, it received proceeds from warrant exercises of approximately $2.81 million, converted approximately $2.06 million of third party debt to equity, and exchanged $10 million of related-party debt into equity.
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