Greenwave Technology Solutions Inc

Greenwave Technology Solutions, Inc. is an emerging growth company, which engages in the recycling ferrous metal. It also nonferrous metals including aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products. The company was founded on April 26, 2013 and is headquartered in Suffolk, VA.

Earnings data Q2 2023

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Greenwave Technology Solutions, Inc. is an emerging growth company, which engages in recycling ferrous metal. It also recycles nonferrous metals including aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products. The company was founded on April 26, 2013 and is headquartered in Chesapeake, VA.

On December 3, 2024, China banned the export of gallium, germanium, and antimony to the United States – vital minerals utilized in the production of semiconductors, solar panels, and electric car batteries The Company expects to generate significant revenue in FY 2025 through the efficient extraction of these rare-earth minerals from vehicles, appliances, equipment, and heavy machinery Greenwave believes its proprietary rare-earth metal recovery initiative  is a "catalytic converter-level" opportunity, with breakthrough technologies unlocking the profitable recovery of rare and high-value metals historically overlooked by the recycling industry CHESAPEAKE, Va. , Dec. 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading metal recycler in Virginia, North Carolina, and Ohio, announced today it is accelerating the recovery of rare-earth metals from appliances, equipment, heavy machinery, and vehicles – capitalizing on surging global demand and escalating geopolitical tensions.

Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Accelerates Rare-Earth Metal Recovery Amid Global Supply Disruptions

Insiders made open market purchases of more than 500,000 GWAV shares in December 2024 Company has increased shareholders' equity by approximately $51 million in 2024 Greenwave continues to prioritize government contracts as a key driver of revenue and cash flow growth The Company recently purchased the real estate for seven of its core facilities, reducing annual rent expenses by approximately $1.7 million Numerous upcoming catalysts expected to benefit Greenwave -- including the opening of Nucor Corporation's state-of-the-art Lexington, NC steelmaking facility with a staggering 430,000-ton annual processing capacity(1) CHESAPEAKE, Va. , Dec. 17, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading metal recycler in Virginia, North Carolina, and Ohio, released today the following letter to shareholders from Danny Meeks, Chairman and Chief Executive Officer: Greenwave Shareholders, I am pleased to report Greenwave will enter 2025 in the strongest strategic and financial position in the history of the Company.

Greenwave Technology Solutions, Inc. (Nasdaq:GWAV) Issues Chairman's Letter

Greenwave to recycle 550,000 pounds of non-ferrous metal, estimated to increase Q4 2024 and Q1 2025 revenues by approximately $2 million Leveraging municipal, state, and federal agreements further establishes Greenwave's leadership in metal recycling CHESAPEAKE, Va. , Dec. 12, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a prominent leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, announces it has been awarded an exclusive government contract for the recycling of 550,000 pounds of non-ferrous metal, estimated to boost Q4 2024 and Q1 2025 revenues by approximately $2 million.

Greenwave Technology Solutions, Inc. Wins Exclusive Government Contract for Metal Recycling Valued at Approximately $2 Million

CHESAPEAKE, Va. , Dec. 9, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, is on track to generate $15 – $35 million in revenue through a contract with Core Tree Care, Inc., related to a prime contract with the Army Corps of Engineers.

Greenwave Technology Solutions, Inc. Awarded Contract Valued at $15 - $35 Million with Core Tree Care, Inc. for Hurricane Helene Recovery Services

CHESAPEAKE, Va. , Dec. 6, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leader in metal recycling operations across Virginia, North Carolina, and Ohio, announces strategic developments poised to deliver shareholder value in a rapidly consolidating scrap metal market.

Greenwave Technology Solutions, Inc. Strategically Positions for Growth in Rapidly Consolidating U.S. Scrap Metal Industry

CHESAPEAKE, Va. , Dec. 5, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a leader in metal recycling operations across Virginia, North Carolina, and Ohio, is set to benefit from the 2025 opening of Nucor Corporation's state-of-the-art steelmaking facility in Lexington, North Carolina.

Greenwave Technology Solutions, Inc. Positioned to Capitalize on Nucor's Lexington Facility Launch and Record Domestic Demand

CHESAPEAKE, Va. , Dec. 2, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading operator of metal recycling facilities across Virginia, North Carolina, and Ohio, has taken a transformative step by acquiring the real estate for seven of its core facilities.

Greenwave Technology Solutions (Nasdaq:GWAV) Secures Ownership of Key Real Estate, Saving $1.7M Annually and Boosting Strategic Opportunities

Greenwave's customers include subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and Georgia-Pacific The Company is one of primary domestic suppliers of mill-ready shred in the mid-Atlantic region CHESAPEAKE, Va. , Nov. 27, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that based on its 20+ years of operating history in the U.S. scrap metal industry – including Chief Executive Officer Danny Meeks' firsthand experience from President-elect Trump's first term – that it expects tariffs on U.S. steel imports will drive the Company's revenue growth and margin expansion throughout fiscal year 2025.

Greenwave Technology Solutions, Inc. Expects U.S. Tariffs on Steel Imports to Drive Margin Expansion in FY 2025

Company Launches Trust Pilot reviews  to Boost Google Search Ranking and Optimize its Conversion Rate ScrapApp.com  is Capturing Market Share and Growing Revenue in Key Markets Primarily Utilizing Cashflows Generated from Operating Activities CHESAPEAKE, Va. , Aug. 2, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its wholly-owned subsidiary, Scrap App, Inc., set a new weekly revenue record from cars purchased through the ScrapApp.com platform from July 21 through and including July 27, 2024.

Greenwave Technology Solutions' Scrap App Sets New Weekly Revenue Record; Expands to Greenville, NC Market

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - June 20, 2024) - Investorideas.com. a go-to platform for big investing ideas issues the second half of a two -part series looking at metals recycling.

Follow the Money in Metals Recycling - Why the Big Miners Are Jumping In

Greenwave Sees Adoption of Technology and Specifically Artificial Intelligence in the $42.3 Billion U.S. Scrap Metal Industry(1) as Being a Driver for Growth and Competitive Advantage Company Recently Set a New Daily Record for Cars Purchased Through the Scrap App Platform CHESAPEAKE, Va. , June 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its wholly-owned subsidiary, ScrapApp.com, recently set a new daily record for cars purchased through the Scrap App platform.

Greenwave Technology Solutions' Scrap App Sets New Daily Record

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - June 18, 2024) - Investorideas.com , a go-to platform for big investing ideas issues the first of a two-part series looking at the opportunities and the players in metals recycling, featuring Greenwave Technology Solutions, Inc. (NASDAQ: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio. Read the full article on Investorideas https://www.investorideas.com/News/2024/renewable-energy/06180Recycling-Metal-Stocks.asp Research and Markets reports, "The rising demand for consumer electronics is significantly driving the growth of the metal recycling market.

Recycling Metal Stocks - The Opportunities and the Players

Company Strengthens Balance Sheet by $80.5 Million since February Greenwave Attracts $45.3 Million in New Capital Infusions since March Company's Business Plan Fully Funded with No Current Need for Additional Capital CHESAPEAKE, Va. , June 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today the completion of its recapitalization, significantly strengthening its balance sheet.

Greenwave Technology Solutions Completes Recapitalization

CHESAPEAKE, Va. , June 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that on June 17, 2024, the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has evidenced compliance for continued listing on The Nasdaq Capital Market.

Greenwave Technology Solutions Regains Full Compliance with Nasdaq Listing Standards

Company's Downstream Processing System Generated Record Revenues in May 2024 Greenwave Reiterates its Confidence in Exceeding Revenue Guidance of $40 million Driven by Both Increased Volume and Higher Prices Copper Prices Hit an All-Time High in May 2024 Due to Demand for Electric Vehicles and AI Technologies(1) CHESAPEAKE, Va. , June 5, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its downstream processing system generated record revenues in May 2024, driven by both increased volume and higher prices.

Greenwave Technology Solutions' Downstream Processing System Generates Record Revenues as Copper Hits All Time High

Common stock will begin trading on reverse split-adjusted basis on June 3, 2024 CHESAPEAKE, Va. , May 29, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it intends to effect a reverse stock split of its common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1 post-reverse split share for every 150 pre-reverse split shares.

Greenwave Announces Reverse Stock Split to Regain Nasdaq Compliance

Final Conversion of $18 Million in Convertible Debt Occurred Today Greenwave Eliminated an Additional $17.2 Million in Debt Held by Chairman Company Now Has No Convertible Debt or Preferred Shares Outstanding Greenwave Bolsters Balance Sheet with $21.8 Million in Cash CHESAPEAKE, Va. , May 22, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it has retired all of its convertible debt and preferred shares.

Greenwave Eliminates All Convertible Debt

Greenwave Technology Solutions (NASDAQ: GWAV ) stock is falling on Tuesday after the metal recycling company announced an offering of its shares. Greenwave Technology Solutions is selling 420,596,154 shares of GWAV stock to certain institutional and accredited investors for $0.052 each.

Why Is Greenwave Technology Solutions (GWAV) Stock Down 60% Today?

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Greenwave Technology (NASDAQ: GWAV ) stock just won't stop rallying as it has become a new favorite of traders on Reddit. This marks another day of increased trading for GWAV stock without any relevant news behind the rally.

Trending on Reddit: Meme Stock Greenwave Technology (GWAV) Is Up Another 62% Today

Greenwave Technology Solutions (NASDAQ: GWAV ) stock is up on Thursday despite the company announcing the late filing of its Form 10-Q. The company notes that it is unable to file its quarterly report for the quarter ended March 31, 2024 by the required deadline.

Why Is Greenwave Technology Solutions (GWAV) Stock Up 91% Today?

Growth Being Driven by Cleveland, OH and Virginia Beach, VA Locations Cashflows and EBITDA to be Accelerated Once its Second American Pulverizer 60x85 Shredder Commencing Operations CHESAPEAKE, Va. , May 9, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, is pleased to report that it is expecting to generate revenues exceeding $40 million during the year ended December 31, 2024.

Greenwave Technology Solutions Expects to Process Record Volumes of Steel and Copper with Revenues Exceeding $40 Million in 2024

Greenwave CEO Exchanges $7.22 Million in Debt into Common Shares at $0.1167/Share Additionally, Company CEO Exchanges $10 Million in Debt into Shares of Series D Preferred CHESAPEAKE, Va. , May 7, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, is pleased to report its Chairman and Chief Executive Officer, has exchanged an aggregate of approximately $17.22 million in debt into equity comprised of (i) $10.00 million in debt exchanged for shares of Series D Preferred Stock and (ii) $7.22 million in debt exchanged into common stock at $0.1167 per share.

Greenwave Technology Solutions' Exchanges All Outstanding Notes Held by its Chief Executive Officer into Equity

Greenwave Technology Solutions (NASDAQ: GWAV ) stock is rising higher on Tuesday alongside heavy pre-market trading of the metal recycling company's shares. That has more than 29 million shares of GWAV stock changing hands as of this writing.

Why Is Greenwave Technology Solutions (GWAV) Stock Up 15% Today?

Greenwave Technology Solutions (NASDAQ: GWAV ) stock is taking a beating on Tuesday after the metal recycling company announced a direct offering and private placement. Greenwave Technology Solutions has entered into a securities purchase agreement with certain institutional and accredited investors.

News for Greenwave Technology Solutions Inc Stock (GWAV)