STOCK TITAN
  1. Home
  2. News
  3. GWAV

Greenwave Technology Solutions, Inc. - $GWAV STOCK NEWS

Welcome to our dedicated page for Greenwave Technology Solutions news (Ticker: $GWAV), a resource for investors and traders seeking the latest updates and insights on Greenwave Technology Solutions stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Greenwave Technology Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Greenwave Technology Solutions's position in the market.

News
Greenwave Technology Solutions' Exchanges All Outstanding Notes Held by its Chief Executive Officer into Equity
Rhea-AI Summary

Greenwave Technology Solutions, Inc. reports that its CEO exchanged $17.22 million in debt into equity, with $10 million exchanged for Series D Preferred Stock and $7.22 million for common stock. This move aims to strengthen the company's balance sheet and align the CEO's interests with shareholders, reflecting confidence in the business and growth strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
Tags
none
-
News
Greenwave Technology Solutions Further Strengthens its Balance Sheet
Rhea-AI Summary
Greenwave Technology Solutions, Inc. has significantly improved its balance sheet by $27 million in the past 90 days, with the Chairman and CEO converting $17.22 million of debt into equity. The company also received a $5.25 million capital infusion, further strengthening its financial position. Greenwave plans to aggressively grow operations, expand its technology platform, and enhance margins, aiming to achieve full compliance with Nasdaq listing standards by May. The company is set to generate record revenues in 2024, with a focus on steel processing and new market expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-44.66%
Tags
none
-
News
Greenwave Technology Solutions Regains Compliance with Nasdaq Market Value of Listed Securities Requirement
Rhea-AI Summary
Greenwave Technology Solutions, Inc. (GWAV) has received a 180-day extension from Nasdaq to regain compliance with the $1.00 minimum bid price requirement. The company has already met the market value of listed securities requirement but must comply with the bid price rule by September 30, 2024, to avoid delisting. Greenwave anticipates achieving record revenues and steel processing volume in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.62%
Tags
none
News
Greenwave Technology Solutions Strengthens Balance Sheet by Approximately $14.87 Million
Rhea-AI Summary
Greenwave Technology Solutions, Inc. announces regaining compliance with Nasdaq's shareholder equity requirement by increasing shareholder's equity by approximately $14.87 million through warrant exercises and debt conversions. The company secured waivers for cash covenants and amortization payments, aiming to grow operations and generate record revenues in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.49%
Tags
none
-
News
Greenwave Technology Solutions' Second Shredder Currently Being Connected to Power Grid by Dominion Energy Ahead of Schedule
Rhea-AI Summary
Greenwave Technology Solutions, Inc. (GWAV) announces the connection of its second automotive shredder to the power grid, expected to double annual shredded ferrous output and boost revenues by $4.8 million. The company aims to increase revenue by 25-30% through shredding steel it currently sells unshredded. With the acquisition of Baltimore Scrap Corp., Greenwave becomes one of the largest independent chains of scrap yards on the East Coast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.49%
Tags
none
-
News
Greenwave Technology Solutions Successfully Restructures Debt to Facilitate Continued Growth
Rhea-AI Summary
Greenwave Technology Solutions, Inc. (GWAV) successfully restructured its senior secured debt, waiving cash covenants and amortization payments. The company's second automotive shredder is expected to double ferrous metal processing capacity, leading to a 30% revenue increase. Record revenues are anticipated in 2024, with plans to aggressively grow operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-57.91%
Tags
none
News
Greenwave Technology Solutions' Scrap App Expands to Richmond, VA Market as it Continues to Capture Market Share
Rhea-AI Summary
Greenwave Technology Solutions, Inc. announces that its subsidiary, Scrap App, is now serving the Richmond Metropolitan Area, generating revenue from end-of-life vehicles. The company plans to expand to new markets, leveraging its expertise in the metal scrap industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
Tags
none
-
News
Greenwave Technology Solutions' Second Shredder Scheduled to Be Connected to Power Grid by April 9, 2024
Rhea-AI Summary
Greenwave Technology Solutions, Inc. is set to double its ferrous metal processing capacity with the addition of a second automotive shredder, leading to a projected 30% increase in revenue and significant margins on steel volume. The company aims to achieve record revenues in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.25%
Tags
none
-
News
Greenwave Technology Solutions Releases Shareholder Update
Rhea-AI Summary
Greenwave Technology Solutions, Inc. is on track to generate record revenues in FY 2024 with the upcoming full operation of a second shredder expected to double the company's ferrous metal processing capacity. Recent developments include impressive growth in revenues, volumes, and profits at Virginia Beach and Cleveland yards, the commencement of operations at a non-ferrous processing facility, and the acquisition of Baltimore Scrap Corp. for $177 million. The company aims to expand its footprint of metal recycling facilities and scale its technology platform, Scrap App, to new markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
Tags
none
News
Greenwave Technology Solutions' Scrap App Continues Capturing Market Share
Rhea-AI Summary
Greenwave Technology Solutions, Inc. (
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
Tags
none
Stock GWAV logo
Greenwave Technology Solutions, Inc.

Nasdaq:GWAV

GWAV Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

GWAV Stock Data

8.76M
13.00M
21.45%
8.33%
5.08%
All Other Telecommunications
Information
Link
United States of America
CHESAPEAKE

About GWAV

massroots is one of the largest and most active social networks for the cannabis community with 900,000 users, 170 million user-to-user interactions, and 500 actively posting dispensaries. people use the massroots app on ios and android to find smoking buddies, share their cannabis experiences with like-minded friends, and stay connected with local dispensaries. massroots was founded under the belief that a future in which humans have safe access to cannabis is fundamentally better than one in which we do not. today, massroots is actively building the community and developing the technologies to make this future a reality, with the ultimate goal of worldwide cannabis legalization.