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INFINITI

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INFINITI

Re: None

Tuesday, 03/19/2024 7:29:30 AM

Tuesday, March 19, 2024 7:29:30 AM

Post# of 10030
Greenwave Technology Solutions Successfully Restructures Debt to Facilitate Continued Growth

Source: PR Newswire (US)
Company Not Required to Make Cash Payments on Senior Secured Notes until July 31, 2024

Quarterly-Cash Covenants Waived until September 30, 2024

Greenwave's Second American Pulverizer 60x85 Shredder Expected to Double Company's Ferrous Metal Processing Capacity in the Coming Weeks

Company Intends to Utilize Additional Cashflow to Aggressively Grow Operations

CHESAPEAKE, Va., March 19, 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 it has successfully restructured its senior secured debt to facilitate growth. The senior secured note holders have waived the quarterly-cash covenants until September 30, 2024, as well as monthly amortization payments until July 31, 2024.
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