Dilution profile // every instrument, one screen, from SEC filings

Greenwave Technology Solutions, Inc. (GWAV)

CIK 1589149 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (cash need)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
MEDIUM$9.0M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
MEDIUMwarrants = 22% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-95% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
HIGH~0 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-06-182026-08-18

Latest: 829,631 shares as of Aug 18, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-18
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 994.9M to 3.3M between Nov 22, 2021 and Apr 7, 2022, a pattern consistent with a reverse split (roughly 1-for-298); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 183,632 underlying shares, as reported Dec 31, 2024 (10-K).

Reported exercise price: $30.6 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $96,478 as of Dec 31, 2021.

Down-round (price protection) accounting has been tagged in this filer’s XBRL: some instrument carries repricing protection. Which tranche requires reading the exhibits.

Rough fully diluted estimate: 1.0M = 829,631 O/S + 183,632 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Non Convertible Notenot tagged$5,000not tagged——

Notes exactly as the company dimensioned them in its 10-Q filed Aug 18, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding829,631Aug 18, 2026
+ Warrants (aggregate, as tagged) (if exercised)183,632Dec 31, 2024
Fully diluted estimate1.0M+22.1% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $9.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Sep 18, 2026$9.0M registeredfiling →
S-3Jul 19, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 3 executed · 1 registered.

UPDATESep 29, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVESep 28, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDSep 18, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
EXECUTEDSep 11, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDSep 8, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDAug 27, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDFeb 11, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDFeb 11, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDJan 13, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDJan 13, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDDec 2, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDAug 2, 2024Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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