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.

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.

Why Is Greenwave Technology Solutions (GWAV) Stock Down 47% Today?

Company has improved its balance sheet by $27 million over the past 90 days Chairman and CEO has converted all $17.22 million of his debt into equity Company bolsters balance sheet with $5.25 million capital infusion CHESAPEAKE, Va., April 23, 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, announced today that on April 22, 2024, it further strengthened its balance sheet by approximately $12 million.

Greenwave Technology Solutions Further Strengthens its Balance Sheet

Nasdaq Grants Company 180 Day Extension to Regain Compliance with $1.00 Minimum Bid Price Requirement CHESAPEAKE, Va. , April 4, 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, announced that it has received a formal notice from the Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the market value of listed securities requirement under Nasdaq Listing Rule 5550(b)(2) for continued listing on the Nasdaq Capital Market.

Greenwave Technology Solutions Regains Compliance with Nasdaq Market Value of Listed Securities Requirement

Company Believes it Has Regained Compliance with Nasdaq's Shareholder Equity Requirement CHESAPEAKE, Va. , April 1, 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, today announced that during the first quarter of 2024, it received proceeds from warrant exercises of approximately $2.81 million, converted approximately $2.06 million of third party debt to equity, and exchanged $10 million of related-party debt into equity.

Greenwave Technology Solutions Strengthens Balance Sheet by Approximately $14.87 Million

Greenwave is One of the First Companies to Utilize Artificial Intelligence in the $42.3 Billion U.S. Scrap Metal Industry(1) ScrapApp.com has Launched A.I.-Powered Systems to Optimize Pricing and Sales Ahead of Planned National Expansion CHESAPEAKE, Va.

Greenwave Technology Solutions' Scrap App Launches A.I. Features to Scale and Grow into New Markets

The second shredder is expected to boost annual revenues by approximately $4.8 million, with significant increase to gross profit  Second shredder on track to be connected to power grid by March 29, 2024 and commence operations shortly thereafter, doubling Greenwave's annual shredded ferrous output Greenwave is now one of the largest independent operators of metal recycling facilities on the East Coast CHESAPEAKE, Va., March 25, 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, today announced that Dominion Energy is currently in the process of connecting its second automotive shredder to the power grid which is expected to be completed by March 29, 2024.

Greenwave Technology Solutions' Second Shredder Currently Being Connected to Power Grid by Dominion Energy Ahead of Schedule

Greenwave Tech Solutions (NASDAQ: GWAV ) stock is falling hard on Tuesday after the metal recycling company sent warrant exercise inducement offer letters to holders. These letters allow holders of its warrants to exercise them for $0.204 per share.

Why Is Greenwave Tech Solutions (GWAV) Stock Down 53% Today?

Company Not Required to Make Cash Payments on Senior Secured Notes until July 31, 2024 Quarterly-Cash Covenants Waived until September 30, 2024 Greenwave's Second American Pulverizer 60x85 Shredder Expected to Double Company's Ferrous Metal Processing Capacity in the Coming Weeks Company Intends to Utilize Additional Cashflow to Aggressively Grow Operations CHESAPEAKE, Va., March 19, 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, today announced that it has successfully restructured its senior secured debt to facilitate growth.

Greenwave Technology Solutions Successfully Restructures Debt to Facilitate Continued Growth

ScrapApp.com is Now Serving the Richmond Metropolitan Area – the Third Largest in the Commonwealth of Virginia – Enabling People to Get Paid for their End-of-Life Vehicles Currently Available in Three Markets – Hampton Roads, VA, Richmond, VA, and Cleveland, OH – Greenwave Has Generated Hundreds of Thousands of Dollars in Revenue from End-of-Life Vehicles Purchased Through Scrap App Greenwave Intends to Launch Scrap App to Multiple New Markets in the Coming Weeks CHESAPEAKE, Va. , March 4, 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, today announced that its wholly-owned subsidiary, Scrap App, Inc. ("Scrap App") is now serving the Richmond Metropolitan Area, the third largest in the Commonwealth of Virginia.

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