Greenwave ceo danny meeks waives quarterly bonuses for fiscal year 2023

Chesapeake, va., jan. 20, 2023 (globe newswire) -- greenwave technology solutions, inc. ("greenwave" or the "company") (nasdaq: gwav), a leading operator of metal recycling facilities in virginia and north carolina, is pleased to announce greenwave's chief executive officer danny meeks has agreed to waive his quarterly bonuses due under his employment agreement for fiscal year 2023. this waiver is expected to reduce operating expenses and improve free cash flow by approximately $1 million.
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