Greenwave Technology Solutions, Inc. Preparing for Massive Demand Influx Amid 25% Tariffs on Steel and Aluminum Without Exceptions or Exemptions
- Company Provides 100% Domestically-Sourced Steel, Aluminum, Copper, and Zorba to Steel Mills Greenwave's Customers Include Nucor, Sims Metal Management, Cleveland-Cliffs, and Georgia-Pacific Prices for Domestic Scrap Metal have Surged in February and are Expected to Go Higher CHESAPEAKE, Va. , Feb. 11, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced it is preparing for significant demand increases for its 100% domestically-sourced scrap metal products, including steel, aluminum, copper, and zorba.
- 02/11/2025
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Greenwave Technology Solutions, Inc.'s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains
- Company's Scrap Metal Inventories are Estimated to Surpass $6 Million in Current Market Value, Ideally Positioned to Capitalize on Rising Metal Prices Amid Anticipated Tariff Increases Domestic Scrap Steel Prices Up Significantly This Week, Forecasted to Keep Climbing Exclusive Operational Licenses and Contracts with Suppliers Create Significant Barriers to Entry CHESAPEAKE, Va. , Feb. 7, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced its scrap metal inventories are estimated to have surpassed $6 million in current market value, positioning the Company to benefit from surging metal prices and increasing demand.
- 02/07/2025
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Greenwave's Scrap App Adopted by a Leading U.S. Junk Car Buyer, Powering Expansion to 27 New Markets
- Scrap App Aims to be the #1 Junk Car Platform in the $32 Billion Auto Recycling Industry Company Accelerating Nationwide Expansion, Building on Objective Success in Key Cities Platform Set New Weekly Record Both in Number of Cars and Revenue from January 26 to February 1, 2025 CHESAPEAKE, Va. , Feb. 5, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading innovator in the metal recycling sector, today announced the adoption of its AI-powered car buying platform, Scrap App, by one of the largest buyers of junk cars in the United States.
- 02/05/2025
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Greenwave Technology Solutions, Inc. Raises Revenue Guidance to $47-$50 Million for FY 2025
- Tariffs Expected to Drive 10-20% Revenue Growth on Metal Products with 40-45% Gross Profit Margins Greenwave Supplies 100% Domestically-Sourced Steel, Aluminum, Copper, and Rare-Earth Metals to Industry Titans Company in Active Negotiations with Multiple Entities Seeking Access to its High-Volume Flow of Mill-Ready Metals CHESAPEAKE, Va., Feb. 4, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leader in metal recycling, is raising revenue guidance to $47–$50 million for FY 2025 following President Trump's announcement of sweeping tariffs on steel, aluminum, and copper imports.
- 02/04/2025
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Greenwave Technology Solutions, Inc. Poised for Explosive Growth Amid New Steel, Aluminum, and Copper Tariffs
- On January 31, 2025, President Trump Stated he will be Placing Significant Tariffs on Steel, Aluminum, and Copper Tariffs are Expected to Drive Price Increases on Domestically-Sourced Metal Greenwave's customers include subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, and Georgia-Pacific CHESAPEAKE, Va. , Feb. 3, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leader in metal recycling, is primed for significant revenue acceleration following President Trump's announcement of sweeping tariffs on steel, aluminum, and copper imports.
- 02/03/2025
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Greenwave Technology Solutions, Inc. Launches AI-Powered Expansion of Scrap App
- Scrap App's AI Operator Drives Automation of Quotes, Scheduling, and Customer Support Company Accelerates Nationwide Expansion in 2025, Building on Success in Key Cities Aims to Dominate $32 Billion Auto Recycling Industry CHESAPEAKE, Va. , Jan. 27, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leader in metal recycling, today announced the launch of an advanced AI-powered operator in its subsidiary, Scrap App (www.scrapapp.com).
- 01/27/2025
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Greenwave Technology Solutions, Inc. Wins Exclusive Municipal Contract with Virginia Beach
- Initial value estimates at over $500,000 in revenues Company secures exclusive operations in Virginia's largest city and industrial hub, home to several military bases, advanced manufacturers, and defense contractors Leveraging municipal and federal agreements further establishes Greenwave's leadership in metal recycling CHESAPEAKE, Va. , Jan. 23, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a prominent leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, announces its exclusive contract win with the City of Virginia Beach—the state's largest city and industrial hub.
- 01/23/2025
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Greenwave Technology Solutions Announces $4 Million Offering Priced at Market
- Company to Accelerate Recovery and Monetization of Rare Earth Metals Transaction Prohibits Short Selling, Optimizes Capital Structure, and Aligns Investors with Long-Term Growth CHESAPEAKE, Va. , Jan. 13, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading supplier of sustainably-sourced ferrous, non-ferrous and rare-earth metals, announced today the entry into a securities purchase agreement with institutional and accredited investors for a registered direct offering and concurrent private placement priced at the market as of January 10, 2025.
- 01/13/2025
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Greenwave Technology Solutions, Inc. Announces Cancellation of Special Meeting of Stockholders
- CHESAPEAKE, Va. , Jan. 8, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), announced today that the Company determined to cancel the January 2025 Special Meeting of Stockholders previously scheduled for January 10, 2025.
- 01/08/2025
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Greenwave Technology Solutions, Inc. Projects $43-$45 Million Revenue in FY 2025 Driven by Market Expansion, Long-Term Contracts and Industry Demand
- Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth Greenwave's customers are industry giants such as Nucor Corporation, Sims Limited, Cleveland-Cliffs, Inc., and Georgia-Pacific Expansion of Scrap App and hurricane recovery contracts position Greenwave for continued growth and leadership Over 500,000 GWAV shares purchased by insiders in December 2024 CHESAPEAKE, Va. , Dec. 30, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading metal recycler in Virginia, North Carolina, and Ohio, today released revenue guidance of $43-$45 million for fiscal year 2025.
- 12/30/2024
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Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Accelerates Rare-Earth Metal Recovery Amid Global Supply Disruptions
- 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.
- 12/18/2024
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Greenwave Technology Solutions, Inc. (Nasdaq:GWAV) Issues Chairman's Letter
- 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.
- 12/17/2024
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Greenwave Technology Solutions, Inc. Wins Exclusive Government Contract for Metal Recycling Valued at Approximately $2 Million
- 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.
- 12/12/2024
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Greenwave Technology Solutions, Inc. Awarded Contract Valued at $15 - $35 Million with Core Tree Care, Inc. for Hurricane Helene Recovery Services
- 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.
- 12/09/2024
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Greenwave Technology Solutions, Inc. Strategically Positions for Growth in Rapidly Consolidating U.S. Scrap Metal Industry
- 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.
- 12/06/2024
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Greenwave Technology Solutions, Inc. Positioned to Capitalize on Nucor's Lexington Facility Launch and Record Domestic Demand
- 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.
- 12/05/2024
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Greenwave Technology Solutions (Nasdaq:GWAV) Secures Ownership of Key Real Estate, Saving $1.7M Annually and Boosting Strategic Opportunities
- 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.
- 12/02/2024
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Greenwave Technology Solutions, Inc. Expects U.S. Tariffs on Steel Imports to Drive Margin Expansion in FY 2025
- 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.
- 11/27/2024
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Greenwave Technology Solutions' Scrap App Sets New Weekly Revenue Record; Expands to Greenville, NC Market
- 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.
- 08/02/2024
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Follow the Money in Metals Recycling - Why the Big Miners Are Jumping In
- 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.
- 06/20/2024
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Greenwave Technology Solutions' Scrap App Sets New Daily Record
- 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.
- 06/18/2024
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Recycling Metal Stocks - The Opportunities and the Players
- 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.
- 06/18/2024
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Greenwave Technology Solutions Completes Recapitalization
- 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.
- 06/18/2024
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Greenwave Technology Solutions Regains Full Compliance with Nasdaq Listing Standards
- 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.
- 06/18/2024
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Greenwave Technology Solutions' Downstream Processing System Generates Record Revenues as Copper Hits All Time High
- 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.
- 06/05/2024
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Greenwave Announces Reverse Stock Split to Regain Nasdaq Compliance
- 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.
- 05/29/2024
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Greenwave Eliminates All Convertible Debt
- 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.
- 05/22/2024
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Why Is Greenwave Technology Solutions (GWAV) Stock Down 60% Today?
- 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.
- 05/21/2024
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Meme Stock Profit-Taking: 3 Companies to Sell While You're Ahead
- With the return of Keith Gill – the trader best known as “Roaring Kitty” – market speculation surged, yet the potentially short-lived nature of the rally presents a case for meme stocks to sell. To be sure, the explosive rally for enterprises like cineplex operator AMC Entertainment (NYSE: AMC ) was nothing short of impressive.
- 05/21/2024
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Trending on Reddit: Meme Stock Greenwave Technology (GWAV) Is Up Another 62% Today
- 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.
- 05/17/2024
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Why Is Greenwave Technology Solutions (GWAV) Stock Up 91% 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.
- 05/16/2024
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Greenwave Technology Solutions Expects to Process Record Volumes of Steel and Copper with Revenues Exceeding $40 Million in 2024
- 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.
- 05/09/2024
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Greenwave Technology Solutions' Exchanges All Outstanding Notes Held by its Chief Executive Officer into Equity
- 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.
- 05/07/2024
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Why Is Greenwave Technology Solutions (GWAV) Stock Up 15% Today?
- 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.
- 04/30/2024
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Why Are Stocks Up Today?
- Stocks are up today and investors who are wondering why have come to the right place as we know all about the rally lifting stocks higher on Tuesday! A big reason why stocks are up today has to do with earnings seasons.
- 04/23/2024
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Why Is Greenwave Technology Solutions (GWAV) Stock Down 47% 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.
- 04/23/2024
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Greenwave Technology Solutions Further Strengthens its Balance Sheet
- 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.
- 04/23/2024
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Greenwave Technology Solutions Regains Compliance with Nasdaq Market Value of Listed Securities Requirement
- 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.
- 04/04/2024
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Greenwave Technology Solutions Strengthens Balance Sheet by Approximately $14.87 Million
- 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.
- 04/01/2024
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Greenwave Technology Solutions' Scrap App Launches A.I. Features to Scale and Grow into New Markets
- 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.
- 03/26/2024
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Greenwave Technology Solutions' Second Shredder Currently Being Connected to Power Grid by Dominion Energy Ahead of Schedule
- 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.
- 03/25/2024
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Why Is Greenwave Tech Solutions (GWAV) Stock Down 53% Today?
- 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.
- 03/19/2024
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Greenwave Technology Solutions Successfully Restructures Debt to Facilitate Continued Growth
- 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.
- 03/19/2024
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Greenwave Technology Solutions' Scrap App Expands to Richmond, VA Market as it Continues to Capture Market Share
- 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.
- 03/04/2024
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Greenwave Technology Solutions' Second Shredder Scheduled to Be Connected to Power Grid by April 9, 2024
- 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.
- 02/15/2024
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Greenwave Technology Solutions Releases Shareholder Update
- 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.
- 02/13/2024
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Greenwave Technology Solutions' Scrap App Continues Capturing Market Share
- 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.
- 01/30/2024
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Greenwave Technology Solutions Receives License from Ohio Bureau of Motor Services
- 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.
- 01/24/2024
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Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023
- 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.
- 01/22/2024
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Greenwave Technology Solutions Commences Operation of Metal Baler, Wire Stripper, and Sheers at Non-Ferrous Processing Facility
- 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.
- 01/19/2024
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Greenwave to Present at Dawson James Small Cap Growth Conference Today at 11:30am ET
- JUPITER, Fla., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of 11 metal recycling facilities in Virginia and North Carolina, is pleased to announce that its Chairman and Chief Executive Officer, Danny Meeks, will be presenting at the Dawson James 7th Annual Small Cap Growth Conference this morning, October 12, 2022, at 11:30am ET.
- 10/12/2022
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