Greenwave Technology Solutions (GWAV) Proxy Filing summary

Executive summary

• Special Meeting of Stockholders scheduled for July 19, 2024, to be held virtually at 4:30 PM ET.

• Shareholders can access proxy materials online and vote electronically or request paper copies at no charge.

• Record date for voting eligibility is May 20, 2024.

Voting matters and shareholder proposals

• Proposal to amend bylaws to decrease the number of shares required for a quorum at stockholder meetings.

• Proposal to amend the 2024 Equity Incentive Plan, increasing reserved shares to 3,000,000, subject to conditions.

• Proposal to approve issuance of warrants for up to 3,104,382 shares of Common Stock, and the shares issuable upon exercise, per Nasdaq Listing Rule 5635(d).

• Proposal to approve adjournment of the meeting if more time is needed to solicit additional proxies.

• Board recommends voting "For" all proposals.

Shareholder rights and capital structure

• Amendment to bylaws would lower the threshold for quorum, potentially making it easier to conduct business at meetings.

• Equity Incentive Plan amendment and warrant issuance could increase the number of outstanding shares.