SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Greenwave Technology Solutions, Inc. [ MSRT ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 09/30/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) 10/20/2021 | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 09/30/2021 | J(1) | 495,000,000 | A | (1) | 507,495,258 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series Z Convertible Preferred Stock | $0(2) | 09/30/2021 | J(3) | 250 | 03/30/2022(4) | (4) | Common Stock | (5) | $1,000,000(3) | 250 | I | See Footnotes(2)(3)(4)(5) |
Explanation of Responses: |
1. On September 30, 2021, MassRoots, Inc. (the "Company") entered into an agreement and plan of merger (the "Merger Agreement") with Empire Merger Corp., a Delaware corporation, Empire Services, Inc., a Virginia corporation ("Empire"), and the Reporting Person, who was the sole shareholder of Empire, to acquire Empire. At the effective time of the Merger, each share of Empire's common stock held by the Reporting Person was converted into the right to receive certain consideration consisting, inter alia, of a number of newly-issued restricted shares of the Company's common stock, par value $0.001 per share ("Common Stock") resulting in the Stockholder holding an aggregate of 495,000,000 shares of Common Stock at and as of the Effective Time (the "Merger Share Consideration"). |
2. Shares of Series Z Convertible Preferred Stock ("Series Z") are convertible into validly issued, fully paid, and non-assessable shares of Common Stock without any consideration payable by the holder of shares of Series Z. |
3. On September 30, 2021, the Company, the Reporting Person, and Empire, entered into Series Z Preferred Stock Issuance Agreement, whereby the Company agreed to issue and sell 250 shares of Series Z in consideration of the Reporting Person or Empire to remit the sum of $1,000,000 to a third party pursuant to a certain settlement agreement for the benefit of the Company. |
4. Shares of Series Z are convertible into validly issued, fully paid, and non-assessable shares of Common Stock at any time after six months from the initial issuance date, subject to certain events, as provided in the Certificate of Designations, Preferences And Rights of Series Z Convertible Preferred Stock filed with the Secretary of State of the State of Nevada on October 1, 2021 (the "Certificate of Designations"). Shares of Series Z have no stated maturity date and will remain outstanding indefinitely unless converted. |
5. Each share of Series Z is convertible into such number of validly issued, fully paid, and non-assessable shares of Common Stock that constitutes 0.039600000% of then-outstanding shares of Common Stock on the date of conversion notice, provided, however, that in the event of Nasdaq Listing, as defined in the Certificate of Designations, each share of Series Z will be convertible into such number of validly issued, fully paid, and non-assessable shares of Common Stock that constitutes 0.039600000% of then-outstanding shares of Common Stock on the date of Nasdaq Listing, provided, that it is the intent of the Certificate of Designations that 250 shares of Series Z represent 9.99% of then-outstanding shares of Common Stock as of the dates and subject to the described-above limitations. Notwithstanding the foregoing, each holder of shares of Series Z is subject to a certain beneficial ownership limitation of 4.99% or, upon election by the Holder, of 9.99%, as more particularly described in the Certificate of Designations. |
/s/ Danny Meeks | 12/15/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |