Greenwave Technology Solutions Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Greenwave Technology Solutions will hold its 2024 Annual Meeting of Stockholders virtually on May 20, 2024, to elect directors and approve its 2024 Equity Incentive Plan.</b>

AI Summary

Greenwave Technology Solutions, Inc. (GWAV) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. The 2024 Annual Meeting of Stockholders for Greenwave Technology Solutions, Inc. will be held on May 20, 2024. The meeting will be conducted virtually via a listen-only conference call or through the website www.GWAV.vote. Key agenda items include the election of five directors and the approval of the 2024 Equity Incentive Plan. The 2024 Equity Incentive Plan proposes the reservation of up to 3,000,000 shares of the Company's common stock. The company was formerly known as MassRoots, Inc., with a name change occurring on October 11, 2013.

Why It Matters

For investors and stakeholders tracking Greenwave Technology Solutions, Inc., this filing contains several important signals. The election of directors and the approval of the equity incentive plan are critical decisions that will shape the company's future leadership and its ability to incentivize employees and attract talent. The virtual format of the meeting aims to increase accessibility for stockholders, allowing broader participation regardless of geographical location.

Risk Assessment

Risk Level: low — Greenwave Technology Solutions, Inc. shows low risk based on this filing. This filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information, thus posing a low risk.

Analyst Insight

Stockholders should review the proposals regarding director elections and the equity incentive plan to make informed voting decisions.

Key Numbers

• 5 — Directors (Number of directors to be elected at the Annual Meeting.)
• 3,000,000 — Shares (Maximum number of shares to be reserved under the 2024 Equity Incentive Plan.)
• 2024-05-20 — Meeting Date (Date of the 2024 Annual Meeting of Stockholders.)

Key Players & Entities

• Greenwave Technology Solutions, Inc. (company) — Registrant and filer of the proxy statement.
• May 20, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
• 3,000,000 (dollar_amount) — Number of shares proposed to be reserved under the 2024 Equity Incentive Plan.
• MassRoots, Inc. (company) — Former name of Greenwave Technology Solutions, Inc.
• 2013-10-11 (date) — Date of the company's name change from MassRoots, Inc.

FAQ

Industry Context

Greenwave Technology Solutions operates in the metals service centers and offices sector, a part of wholesale trade.

Regulatory Implications

This filing is a proxy statement (DEF 14A) made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the qualifications of the director nominees.
2. Understand the terms and implications of the proposed 2024 Equity Incentive Plan.
3. Participate in the virtual annual meeting or review meeting materials to stay informed.

Key Dates

• 2024-05-20: 2024 Annual Meeting of Stockholders — To elect directors and approve the 2024 Equity Incentive Plan.
• 2013-10-11: Name Change — Company formerly known as MassRoots, Inc.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting; prior filings would have been for previous annual meetings or other corporate events.

Key Financial Figures

• $0.001 — Company&rsquo;s Common Stock, par value $0.001 (the &ldquo;Common Stock&rdquo;) for is

Filing Documents

• formdef14a.htm (DEF 14A) — 836KB
• 0001493152-24-014341.txt (&nbsp;) — 837KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) Proxy Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Rule Sec.240.14a-12 GREENWAVE TECHNOLOGY SOLUTIONS, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i) (1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials: Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount previously paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Greenwave Technology Solutions, Inc. 4016 Raintree Rd, Suite 300 Chesapeake, VA 23321 (800) 490-5020 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To be Held on May 20, 2024 To the Stockholders of Greenwave Technology Solutions, Inc.: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Stockholders (the &ldquo;Annual Meeting&rdquo;) of Greenwave Technology Solutions, Inc., a Delaware corporation (the &ldquo;Company&rdquo;), will be held on May 20, 2024 at 4:30 p.m. Eastern Time. The Annual Meeting will be a virtual meeting to be held as a listen-only conference call by calling 877-407-3088 (Toll Free) or by visiting www.GWAV.vote. There will not be a physical meeting location. If you encounter any technical difficulties with the virtual meeting platform on the meeting day, please call 877-804-2062 (toll free) or email proxy@equitystock.com The meeting will be held for the following purposes: The principal business of the meeting will be: 1. To elect five directors to serve until our next annual meeting of Stockholders or until their successor is duly elected and qualified; 2. To approve the Company&rsquo;s 2024 Equity Incentive Plan (the &ldquo;2024 Plan&rdquo;) and the reservation of up to 3,000,000 shares of the Company&rsquo;s Common Stock, par value $0.001 (the &ldquo;Common Stock&rdquo;) for issuance thereunder, subject to certain conditions; 3. To ratify the appointment of RBSM LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; 4. To approve, on an advisory basis, the compensation paid to our named executive officers; 5. To grant discretionary authority to the Company&rsquo;s Board of Directors to amend the Certificate of Incorporation to effect one or more consolidations of the issued and outstanding shares of Common Stock, pursuant to which the shares of Common Stock would be combined and reclassified into one share of Common Stock at a ratio within the range from 1-for-2 up to 1-for-150 (each, a &ldquo;Reverse Stock Split&rdquo;), provided that, (X) the Company shall not effect Reverse Stock Splits that, in the aggregate, exceed 1-for-150, and (Y) any Reverse Stock Split is completed no later than the second anniversary of the Record Date (as defined herein); 6. To approve the issuance of up to an aggregate of 34,995,704 shares of the Company&rsquo;s common stock issuable upon the exercise of warrants to purchase the Company&rsquo;s common stock, in accordance with Nasdaq Listing Rule 5635(d); 7. To approve the adjournment of the Annual Meeting, if necessary or advisable, to solicit additional proxies in favor of the foregoing proposals if there are not sufficient votes to approve the foregoing proposals; and 8. To transact such other business as may be properly brought before the Annual Meeting and any adjournments thereof. You may vote if you were the record owner of shares of the Company&rsquo;s Common Stock, at the close of business on March 22, 2024. The Board of Directors of the Company has fixed the close of business on March 22, 2024 as the record date (the &ldquo;Record Date&rdquo;) for the determination of Stockholders entitled to notice of and to vote at the Annual Meeting and at any adjournments thereof. As of the Record Date, there were 38,516,8

View Full Filing

View this DEF 14A filing on SEC EDGAR