8-K: Greenwave Appoints Chelsea Pullano as New CFO

Greenwave Technology Solutions, Inc. announced the appointment of Chelsea Pullano as its new Chief Financial Officer, effective February 5, 2026, in connection with a new services agreement with MACK Financial Solutions, LLC.

Summary

• Greenwave Technology Solutions, Inc. appointed Chelsea Pullano (age 34) as Chief Financial Officer, effective February 5, 2026.
• Danny Meeks resigned as interim Chief Financial Officer.
• Ms. Pullano's appointment is in connection with the Company's entry into a CFO Agreement with MACK Financial Solutions, LLC, dated January 2, 2026.
• MACK Financial Solutions, LLC, co-founded by Ms. Pullano, will provide professional services including oversight of all bookkeeping, financial reporting, and SEC reporting duties.
• As part-time CFO, Ms. Pullano will provide strategic financial oversight, review and certification of SEC filings, and coordinate with auditors and legal counsel.
• The Company will pay MACK $7,500 per month for CFO Services and $12,500 per month for MACK Services, totaling $20,000 per month.
• Ms. Pullano is entitled to the same indemnification, advancement of expenses, and other protections afforded to similarly situated officers.
• The CFO Agreement can be terminated by either the Company or MACK upon thirty days' notice.
• MACK previously provided Filing Services under a Consulting Agreement, which was superseded by the CFO Agreement, for which MACK was paid an aggregate of $20,000.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive step towards strengthening financial leadership and compliance, which is generally well-received by the market, despite the associated costs.

Positives

• Appointment of an experienced financial executive, Chelsea Pullano, as Chief Financial Officer.
• Enhanced strategic financial oversight and executive-level support for the Company's financial operations.
• Formalized professional services for bookkeeping, financial reporting, and SEC reporting through the agreement with MACK Financial Solutions, LLC.
• Ms. Pullano's background includes serving as CFO for Creatd, Inc. and as a partner and CEO of MACK Financial Solutions, LLC.

Negatives

• The Company will incur a monthly cost of $20,000 for the combined CFO and MACK Services.
• The Chief Financial Officer role is designated as part-time, which may raise questions about dedicated leadership capacity.
• Danny Meeks, the Chief Executive Officer, was previously serving as interim Chief Financial Officer, indicating a prior gap in dedicated financial leadership.

Risks

• Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the statements based on a number of factors. Readers are cautioned to refer to the risk factors discussed in Part 1, Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as amended, and other reports filed with the SEC.

Future Outlook

The Company plans to aggressively expand its footprint of locations by acquiring independent, profitable scrap yards in the coming months.

Management Comments

• Greenwave Technology Solutions, Inc. announced that the board of directors appointed Chelsea Pullano as Chief Financial Officer of the Company, effective February 5, 2026.

Industry Context

StockSavvy.ai notes that the appointment of a dedicated, experienced CFO and the outsourcing of financial reporting functions can signal a company's commitment to strengthening its financial controls and compliance, which is crucial for public companies, especially those in growth-stage industries like metal recycling. This move could enhance investor confidence by professionalizing financial operations.

Comparison to Industry Standards

• This announcement primarily concerns a management appointment and a services agreement, rather than financial performance. Therefore, direct comparisons to specific companies' financial results or project outcomes are not applicable.
• However, the strategy of engaging a part-time CFO through an outsourced firm like MACK Financial Solutions is a common practice among smaller public companies or growth-stage firms. This approach allows access to high-level financial expertise and SEC compliance support without the overhead of a full-time, in-house executive, aligning with cost-efficiency trends observed in similar-sized public entities.

Management Changes

Corporate Governance

Related Party Transactions

• The CFO Agreement with MACK Financial Solutions, LLC is a related party transaction because Chelsea Pullano, the newly appointed Chief Financial Officer, co-founded MACK in May 2023 and serves as a partner and chief executive officer of MACK.
• MACK Financial Solutions, LLC was previously paid an aggregate of $20,000 for Filing Services under a Consulting Agreement, which was superseded by the CFO Agreement.

Stakeholder Impact

• Shareholders: Potential for improved financial transparency and compliance, which could positively impact investor confidence. There will be increased operational costs due to the monthly service fees.
• Management/Board: Enhanced executive support and specialized expertise in financial and SEC reporting.
• Employees: No direct impact on employees is mentioned, but a more robust financial department can lead to better resource allocation and operational stability.

Next Steps

• The Company plans to aggressively expand its footprint of locations by acquiring independent, profitable scrap yards in the coming months.

Key Dates

Recommendation

The appointment of an experienced CFO and the formalization of financial reporting services are positive steps for corporate governance and compliance. However, the associated costs and the part-time nature of the CFO role, combined with the lack of specific financial performance updates in this 8-K, suggest a 'hold' recommendation. Investors should await further financial results to assess the impact of these changes on the company's bottom line and strategic expansion plans.

Keywords

Greenwave Technology Solutions, GWAV, CFO, Chief Financial Officer, Chelsea Pullano, MACK Financial Solutions, SEC filing, corporate governance, financial reporting, metal recycling, executive appointment