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Greenwave Technology Solutions ( (GWAV) ) has issued an update.
On August 20, 2025, Greenwave Technology Solutions announced a reverse stock split at a 1-for-110 ratio, effective August 22, 2025, to regain Nasdaq compliance. This move, which will not alter any stockholder’s percentage interest, aims to increase the per-share trading price of its common stock, which will trade on a split-adjusted basis starting August 25, 2025.
More about Greenwave Technology Solutions
Greenwave Technology Solutions, Inc., through its subsidiary Empire Services, Inc., operates 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The company focuses on collecting, classifying, and processing raw scrap metal using unique technologies to enhance processing volumes and efficiencies. Its customers include large corporations, industrial manufacturers, retail customers, and government organizations, and it plans to expand by acquiring profitable scrap yards.
Average Trading Volume: 2,761,398
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.77M
For a thorough assessment of GWAV stock, go to TipRanks’ Stock Analysis page.