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$Greenwave Technology Solutions(GWAV.US$
420,596,154 SHARES OF COMMON STOCK
We are offering to certain institutional and accredited investors 420,596,154 shares of our common stock, par value $0.001 per share (“common stock”) in a registered direct offering, at an offering price of $0.052 per share and accompanying Common Warrant (as defined below).
In a concurrent private placement, we are also selling to such investors unregistered warrants to purchase up to 420,596,154 shares of our common stock (the “Common Warrants”), which represents 100% of the number of shares of our common stock being purchased in this offering. Each Common Warrant will be exercisable for one share of our common stock at an exercise price of $0.10 per share, will be exercisable beginning on the date on which stockholder approval is obtained with respect to each of (i) the price adjustment provisions in the Common Warrants and (ii) the issuance of the Common Warrants and all shares of common stock issuable upon the exercise of the Common Warrants (the “Common Warrant Shares”), and will have a term of five years from such date. The Common Warrants and the Common Warrant Shares are not being registered under the Securities Act of 1933, as amended (the “Securities Act”) and are being offered pursuant to the exemptions provided in Section 4(a)(2) under the Securities Act, and Rule 506(b) promulgated thereunder, and are not being offered pursuant to this prospectus supplement and the accompanying prospectus.
420,596,154 SHARES OF COMMON STOCK
We are offering to certain institutional and accredited investors 420,596,154 shares of our common stock, par value $0.001 per share (“common stock”) in a registered direct offering, at an offering price of $0.052 per share and accompanying Common Warrant (as defined below).
In a concurrent private placement, we are also selling to such investors unregistered warrants to purchase up to 420,596,154 shares of our common stock (the “Common Warrants”), which represents 100% of the number of shares of our common stock being purchased in this offering. Each Common Warrant will be exercisable for one share of our common stock at an exercise price of $0.10 per share, will be exercisable beginning on the date on which stockholder approval is obtained with respect to each of (i) the price adjustment provisions in the Common Warrants and (ii) the issuance of the Common Warrants and all shares of common stock issuable upon the exercise of the Common Warrants (the “Common Warrant Shares”), and will have a term of five years from such date. The Common Warrants and the Common Warrant Shares are not being registered under the Securities Act of 1933, as amended (the “Securities Act”) and are being offered pursuant to the exemptions provided in Section 4(a)(2) under the Securities Act, and Rule 506(b) promulgated thereunder, and are not being offered pursuant to this prospectus supplement and the accompanying prospectus.
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YYDW : So at least the price should be 0.1, right?
TrytosaveabitOP YYDW: It may drop below just because of the dilution factor?
MARKET-TEST-DUMMY : is that an equivalent of .076 a share then
TrytosaveabitOP YYDW: Sorry! Meant stay below for a while! Have to see where it settles after market gets involved tomorrow at open?
TrytosaveabitOP MARKET-TEST-DUMMY: No it was at .10 ps
YYDW TrytosaveabitOP: Understood
MARKET-TEST-DUMMY : oh it's an offering at .052 ps so not quite a sell? The 2 together would value down the shares to .076 ps
MARKET-TEST-DUMMY MARKET-TEST-DUMMY: not all shares just the ones your talking about