Curated News
By: NewsRamp Editorial Staff
August 21, 2025
Greenwave Announces 1-for-110 Reverse Stock Split to Regain Nasdaq Compliance
TLDR
- Greenwave's reverse stock split boosts share price to meet Nasdaq requirements, potentially attracting investors and stabilizing the stock for competitive advantage.
- Greenwave implements a 1-for-110 reverse stock split effective August 22, 2025, reducing shares from 62.8 million to 570,858 to comply with Nasdaq pricing rules.
- Greenwave's metal recycling operations conserve natural resources and reduce CO2 emissions, making the world cleaner and more sustainable through efficient steel reuse.
- Greenwave's reverse split turns 110 shares into one, a rare corporate move to maintain Nasdaq listing while expanding eco-friendly metal recycling facilities.
Impact - Why it Matters
This development matters because reverse stock splits often signal financial distress but can also represent strategic moves to maintain market listing eligibility. For investors, it significantly reduces share count while increasing per-share price, potentially making the stock more attractive to institutional investors. The metal recycling industry plays a crucial role in environmental sustainability, reducing energy consumption and CO2 emissions compared to virgin metal production. Greenwave's expansion plans could position it as a consolidator in the fragmented recycling market, making this a key indicator for both the company's financial health and the broader green technology sector's evolution.
Summary
Greenwave Technology Solutions (NASDAQ: GWAV), a metal recycling company operating 13 facilities across Virginia, North Carolina, and Ohio through its subsidiary Empire Services, has announced a dramatic 1-for-110 reverse stock split effective August 22, 2025. This strategic move, designed to boost the company's per-share trading price and regain compliance with Nasdaq's minimum bid requirements, will reduce outstanding shares from over 62 million to approximately 570,858. The stock will continue trading under symbol GWAV but with a new CUSIP number when markets reopen on August 25, with fractional shares rounded up to the nearest whole share.
As part of the Dynamic Brand Portfolio at IBN, Greenwave operates sophisticated recycling facilities that utilize advanced technologies including downstream recovery systems and cloud-based ERP platforms to process ferrous and nonferrous metals. The company serves major corporations, industrial manufacturers, and government organizations while emphasizing the environmental benefits of steel recycling—reduced energy consumption, lower CO2 emissions, and conservation of natural resources. With plans to aggressively expand through acquisitions of profitable scrap yards, Greenwave represents a growing player in the sustainable materials sector, with additional information available through TechMediaWire's comprehensive distribution network that reaches thousands of outlets and millions of social media followers.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Greenwave Announces 1-for-110 Reverse Stock Split to Regain Nasdaq Compliance
