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Greenwave Technology Solutions (GWAV) has provided an announcement.
Greenwave Technology Solutions, Inc. has reached out to its existing warrant holders with an offer to exercise their warrants for purchasing company stock at $0.204 per share, potentially resulting in $3.29 million in proceeds if all warrants are exercised. Alongside, the company is issuing new warrants with an adjusted exercise price and five-year validity, contingent on stockholder approval. In exchange for these exercises, stockholders must submit their responses by the end of March 2024. The company is also committed to facilitating stockholder meetings to secure the necessary approvals and has amended certain covenants to encourage participation in this offer.
For an in-depth examination of GWAV stock, go to TipRanks’ Stock Analysis page.
