Greenwave Technology Solutions, Inc. - Common Stock (GWAV)
0.0902
-0.0755 (-45.56%)
NASDAQ · Last Trade: Aug 21st, 8:49 PM EDT
Detailed Quote
Previous Close
0.1657
Open
0.1200
Bid
0.0988
Ask
0.1000
Day's Range
0.0852 - 0.1220
52 Week Range
0.0852 - 1.090
Volume
23,271,598
Market Cap
5.52M
PE Ratio (TTM)
-0.0125
EPS (TTM)
-7.2
Dividend & Yield
N/A (N/A)
1 Month Average Volume
2,675,171
Chart
About Greenwave Technology Solutions, Inc. - Common Stock (GWAV)
Greenwave Technology Solutions, Inc. is a company focused on delivering innovative solutions for the management and recycling of electronic waste. By leveraging advanced technology and sustainable practices, the company aims to minimize environmental impact while maximizing the recovery of valuable materials from discarded electronics. Greenwave provides services that encompass the entire lifecycle of electronic products, from collection and processing to the resale of recovered components, all with a commitment to promoting sustainability and circular economy principles. Through its initiatives, Greenwave seeks to address the growing challenge of e-waste, contributing to a cleaner and more responsible approach to technology disposal. Read More
Greenwave Technology Solutions (NASDAQ: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced it will implement a 1-for-110 reverse stock split of its common stock, effective at 5 p.m. EST on Friday, August 22, 2025. The stock will continue trading on the Nasdaq Capital Market under the symbol GWAV and begin trading on a reverse split-adjusted basis when the market opens Monday, August 25, 2025, under new CUSIP number 57630J 502. The move is intended to boost the per-share trading price and help the Company regain compliance with Nasdaq’s minimum bid price requirement. Following the split, Greenwave’s outstanding common shares will be reduced from 62,794,283 to approximately 570,858, with proportional adjustments applied to options and warrants. Fractional shares will not be issued; any fractional interest will be rounded up to the nearest whole share.
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Greenwave Technology Solutions (NASDAQ: GWAV) announced that CEO Danny Meeks will appear on Good Morning America to discuss the impact of newly enacted metal tariffs. Through its subsidiary Empire, Greenwave operates the largest scrap metal chain in Hampton Roads, supplying military-grade scrap to key defense contractors and shipyards. With President Trump’s shipbuilding initiative expected to drive demand, Greenwave anticipates increased opportunities in its primary market. The company also expects forthcoming copper tariffs to accelerate revenue growth and expand margins across its 13 metal recycling facilities in Virginia, North Carolina, and Ohio.
Greenwave Technology Solutions (NASDAQ: GWAV) announced significant margin expansion driven by a 20% rise in scrap steel prices since early February, with further increases expected as U.S. steel and aluminum import tariffs take effect on March 12, 2025. Through its wholly owned subsidiary, Empire, Greenwave operates Hampton Roads’ leading scrap metal chain, supplying major defense contractors and the world’s largest naval base with military-grade scrap metal. The company runs 13 metal recycling facilities across Virginia, North Carolina, and Ohio, serving industry giants such as Nucor, Sims, and Cleveland-Cliffs. Greenwave’s competitive positioning is further strengthened by a portfolio of protected operational licenses, key facility acquisitions reducing rental costs, and its role as a major supplier to Nucor’s upcoming steelmaking facility in North Carolina.
Greenwave Technology Solutions (NASDAQ: GWAV) announced that its chairman and CEO, Danny Meeks, will appear on Fox Business Network’s Varney & Co. at 11:30 a.m. EST today. The interview will highlight the rising demand for U.S. scrap metal in response to the recently announced 25% steel and aluminum tariffs set to take effect on March 12, 2025. As a leading supplier of mill-ready shred and recycled metals in the Mid-Atlantic, Greenwave anticipates increased demand and wider profit margins as the industry shifts toward domestic sourcing.
Greenwave Technology Solutions (NASDAQ: GWAV) announced its selection of GreenSpark, an AI-powered operating system, as its core platform to enhance operational efficiency and accelerate revenue growth. GreenSpark, founded by Goldman Sachs veteran Gordon Driscoll, has seen rapid expansion, securing approximately $25 million in funding and growing its customer base by over 300% in the past year. Greenwave plans to implement GreenSpark across its operations in early March 2025, expecting the platform to contribute to revenue and margin growth throughout the year.
