Greenwave Technology Solutions, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Greenwave Technology Solutions, Inc. (GWAV) on February 5, 2026. The filing discloses a material change in executive leadership and the execution of a new service agreement to support financial operations.
Key Financial Metrics and Compensation
The filing does not provide revenue, profit, cash flow, or debt metrics. The primary financial disclosure relates to executive compensation and service fees:
- CFO Services Fee: $7,500 per month paid to MACK Financial Solutions, LLC for the services of the new CFO.
- Additional MACK Services Fee: $12,500 per month for bookkeeping, financial reporting, and SEC reporting duties.
- Total Monthly Service Cost: $20,000 per month.
- Prior Payment: $20,000 was paid to MACK under a previous Consulting Agreement for filing services related to late SEC filings.
Material Changes
Effective February 5, 2026, the Board of Directors appointed Chelsea Pullano as Chief Financial Officer. Concurrently, Danny Meeks resigned from his role as interim Chief Financial Officer. This appointment is tied to a Scope of Work Agreement with MACK Financial Solutions, LLC, which supersedes a prior consulting agreement entered into on October 8, 2025.
Management Commentary and Risks
Ms. Pullano will provide strategic financial oversight, review and certify SEC filings, and coordinate with auditors and legal counsel. The agreement is terminable by either party with thirty days' notice. The filing notes that the company previously engaged MACK to address late SEC filings, indicating a focus on remedying compliance gaps. No specific forward-looking guidance or risk factors beyond the standard termination clause were detailed in this specific report.
Investor Verification Checklist
- Verify the full text of the Scope of Work Agreement (Exhibit 10.1) for specific performance milestones or termination penalties.
- Confirm the status of the "late SEC filings" mentioned in the prior consulting agreement to assess ongoing compliance risks.
- Review the press release (Exhibit 99.1) for additional context on the company's strategic direction under the new CFO.
- Monitor future filings to ensure the new CFO is successfully certifying financial statements and that the $20,000 monthly expense is accurately reflected in upcoming financial reports.