{"url_path":"/sec/gwav/10-k/2026/item-3","section_key":"item-3","section_title":"Item 3 LEGAL PROCEEDINGS**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-15","source_url":"https://www.sec.gov/Archives/edgar/data/1589149/0001493152-26-028562-index.html","accession_number":"0001493152-26-028562","cik":"0001589149","ticker":"GWAV","issuer_name":"Greenwave Technology Solutions, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1589149/0001493152-26-028562-index.html","primary_entity_key":"0001589149","primary_entity_name":"Greenwave Technology Solutions, Inc."},"word_count":291,"has_tables":true,"body_markdown":"**ITEM\n3. LEGAL PROCEEDINGS**\n\n \n\nFrom\ntime to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.\nLitigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that\nmay harm our business. We investigate these claims as they arise and accrue estimates for resolution of legal and other\ncontingencies when losses are probable and estimable. Regardless of outcome, litigation can have an adverse impact on us due to\ndefense and settlement costs, diversion of management resources, negative publicity and reputational harm, and other factors. Except\nas set forth below, we are currently not aware of any such legal proceedings or claims that will have, individually or in the\naggregate, a material adverse effect on our business, financial condition or operating results.\n\n \n\nOn October 25, 2024, Arena Special Opportunities Fund, LP and related entities (\"Arena\") filed a lawsuit\nagainst the Company in New York State Court (Index No. 655660/2024) (the \"Action\"), arising from promissory notes previously\nissued to Arena and their conversion into the Company's common stock. The complaint alleges, among other things, breach of contract based\non an alleged \"equity conditions failure.\" Discovery in the Action is complete, and the Company expects the matter to be resolved\nthrough trial or settlement by the end of 2026. The Company believes it has meritorious defenses and intends to vigorously defend the\nAction. At this time the Company is unable to predict the outcome or to reasonably estimate the amount or range of any possible loss,\nand accordingly no liability has been recorded.\n\n \n\nWe\nare unable to estimate a reasonably possible loss or range of loss, if any, that may result from these matters."}