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

Earnings data Q3 2023

Earnings data Q4 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 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.

Greenwave Technology Solutions' Scrap App Expands to Richmond, VA Market as it Continues to Capture Market Share

Second shredder is expected to double Greenwave's ferrous metal processing capacity CHESAPEAKE, Va. , Feb. 15, 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 it received notification from Dominion Energy that its second automotive shredder is scheduled to be connected to the power grid no later than April 9, 2024 and will commence operations shortly thereafter.

Greenwave Technology Solutions' Second Shredder Scheduled to Be Connected to Power Grid by April 9, 2024

Company on track to generate record revenues in FY 2024 Second shredder will be fully operational soon and is expected to double Greenwave's ferrous metal processing capacity CHESAPEAKE, Va. , Feb. 13, 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 released the following shareholder update: Dear Greenwave Shareholders, We are pleased to report that Greenwave is off to strong start in 2024 and is on track to generate record revenues this year.

Greenwave Technology Solutions Releases Shareholder Update

Greenwave Generated Over $200,000 in Revenue from Cars Purchased through Scrap App During its First 130 Days Company is Developing Artificial Intelligence to Optimize Pricing and Automate Systems to Create Efficiencies as it Continues to Capture Market Share CHESAPEAKE, Va. , Jan. 30, 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 continuing to capture market share in initial strategic markets, Cleveland, Ohio, and Hampton Roads, Virginia.

Greenwave Technology Solutions' Scrap App Continues Capturing Market Share

Greenwave's Subsidiary, Empire Metals, is Now Licensed to Purchase Scrap Cars in the State of Ohio Company's Scrap Car Buying Platform, ScrapApp.com, Continues to Rapidly Scale CHESAPEAKE, Va. , Jan. 24, 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, Empire Metals, is now licensed to purchase end-of-life vehicle in the State of Ohio.

Greenwave Technology Solutions Receives License from Ohio Bureau of Motor Services

Company Grows Revenues More than 10% Over Q3 2023 Greenwave Expects to Significantly Grow Revenues in FY 2024 CHESAPEAKE, Va. , Jan. 22, 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 generated more than $9 million in revenue during the fourth quarter of 2023.

Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023

Equipment Expected to Grow Revenues by Tens of Thousands of Dollars per Month with Significant Margins Automates Certain Manual Processes Required to Process, Transport, and Sell Aluminum and Copper Products CHESAPEAKE, Va. , Jan. 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 commenced operation of a metal baler, wire stripper, and three sheers at its non-ferrous processing facility in Portsmouth, VA.

Greenwave Technology Solutions Commences Operation of Metal Baler, Wire Stripper, and Sheers at Non-Ferrous Processing Facility

Greenwave Generated Over $100,000 in Revenue from Cars Purchased through Scrap App During its First 90 Days Company is Developing Artificial Intelligence to Optimize Pricing and Automate Systems to Create Efficiencies as it Captures Market Share CHESAPEAKE, Va. , Dec. 19, 2023 /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"), has expanded to its second strategic market, Cleveland, Ohio, following its successful beta launch in Hampton Roads, Virginia.

Greenwave Technology Solutions' Scrap App Expands to Second Market as it Continues to Capture Market Share

Additional Shredder to Double Greenwave's Ferrous Metal Processing Capacity  Greenwave Poised to Expand to 20+ Metal Recycling Facilities CHESAPEAKE, Va. , Sept. 28, 2023 /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 expects its second automotive shredder to materially increase its Carrollton facility's revenue in Q4 2023.

Second Automotive Shredder at Greenwave Expected to Materially Increase Carrollton Facility's Revenues Beginning in Q4 2023

Newly installed equipment to significantly increase facility's metal recycling production capacity and ramp up revenue CHESAPEAKE, Va. , Sept. 26, 2023 /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 recently installed shear baler is now fully operational at its Cleveland, Ohio facility.

Greenwave Technology Solutions Announces its Shear Baler is Now Fully Operational at its Cleveland Facility

Greenwave is developing an AI pricing engine for junk cars to optimize margins and plans to utilize its proprietary transaction data to train a large language model (LLM) Greenwave intends to develop Scrap App into the leading technology platform for the $41.4 billion scrap metal industry(1) The Company plans to expand Scrap App's functionality to provide quotes for metal from construction and demolition projects, list nearby scrap yards with their real-time prices, and building a points-based rewards system CHESAPEAKE, Va. , Sept. 14, 2023 /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 the launch of ScrapApp.com.

Greenwave Technology Solutions Launches Scrap App with AI Pricing Engine in Development

Topics are expected to include upcoming catalysts including recently announced systems that increase capabilities to drive the company towards $50 million annual revenues  CHESAPEAKE, Va. , Aug. 29, 2023 /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 Chief Financial Officer, Isaac Dietrich, will be participating in the Benzinga All Access event taking place on Wednesday, August 30, 2023.

Greenwave Technology Solutions to be Featured on Benzinga All Access at 11:00am EDT on August 30, 2023

New infrastructure and technology coming online to significantly increase processing capacity, resulting in increased annual revenues CHESAPEAKE, Va. , Aug. 29, 2023 /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 Orbcon PTV balling mill is expected to commence operations in September 2023.

Greenwave Technology Solutions' Copper Extraction System Expected to Commence Operations in September 2023

SUFFOLK, VA / ACCESSWIRE / August 25, 2023 / U.S. Steel looks like it's up for sale - the major mill is now considering competing offers from both Cleveland Cliffs and Esmark Inc and there are rumors that ArcelorMittal SA is considering making a bid for the major steel manufacturer, too. As the industry could be headed toward consolidation, Greenwave Technology Solutions (NASDAQ:GWAV) is undertaking an aggressive expansion strategy to ramp up its capacity and meet the growing demands of major U.S. steel mills.

U.S. Steel Turns Down $7.3 Billion Offer From Cleveland-Cliffs, Explores Alternatives – Potential Upside For Greenwave Technology Solutions?

CHESAPEAKE, Va. , Aug. 24, 2023 /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 notification that it has regained compliance with Nasdaq listing requirements.

Greenwave Technology Solutions Regains Compliance with Nasdaq Listing Standards

Company to use funds for expansion and accretive acquisitions CHESAPEAKE, Va. , Aug. 21, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina and Cleveland, Ohio, is pleased to announce that it has entered into a definitive agreement with certain institutional and accredited investors for the purchase and sale of 2,511,166 shares of common stock in a registered direct offering priced at $1.27 per share and accompanying warrant, resulting in gross proceeds to the Company of $3.2 million, before deducting the placement agent's fees and other offering expenses payable by the Company.

Greenwave Technology Solutions Announces $3.2 Million Registered Direct Offering Priced Above Market

Greenwave generated $1.23 million in positive cashflows from operations during the six months ended June 30, 2023, a new record for the Company Company generated $18.46 million in revenues for the six months ended June 30, 2023, the second highest in the Company's history Subsequent to the close of the quarter, Greenwave closed a private placement for proceeds of $15 million, paying off all outstanding factoring advances and reducing its equipment financing debt by $2 million CHESAPEAKE, Va. , Aug. 15, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina and Cleveland, OH, is pleased to announce that it generated revenues of $9.46 and $18.45 million during the three and six months ended June 30, 2023, respectively, the third highest quarterly revenues in its history.

Greenwave Technology Solutions Reports Third Highest Quarterly Revenues in Company History

Former CEO of 22nd Century Group and current President of Charlie's Holdings, Henry Sicignano III is a seasoned public company executive with substantial expertise in competitive strategy and regulatory affairs. Jason Adelman has significant experience in corporate governance, mergers and acquisition advisory and emerging growth company investing.

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