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Greenwave Technology Solutions Secures Funding Through Stock Exchange Agreement

PUBLIC · GWAVAug 27, 2026•1 day ago

Amount Raised

$8 Million

Round Type

Venture - Series Unknown

ChesapeakeInformation TechnologyMedia And EntertainmentGovernment And MilitarySports

Investors

Dwm Properties Llc

Description

On August 24, 2026, Greenwave Technology Solutions, Inc. entered into an Exchange Agreement with DWM Properties LLC. The Company issued 2,152,853 shares of common stock in exchange for settling outstanding debts amounting to $8,000,000. This move is aimed at strengthening the Company's financial position and reducing liabilities.

Company Information

Company

Greenwave

Location

Chesapeake, Virginia, United States

About

Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc., is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company’s recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system.

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