Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on BNN Bloomberg at 3:05pm EST Today

Rhea-AI Summary

Greenwave Technology Solutions (NASDAQ: GWAV) announced that Chairman and CEO Danny Meeks will be interviewed on BNN Bloomberg at 3:05pm EST today. The interview will focus on the impact of President Trump's recently announced 25% steel and aluminum tariffs on U.S. scrap metal demand and prices.

As a leading Mid-Atlantic supplier of mill-ready shred and recycled metals, Greenwave expects increased demand and wider profit margins throughout fiscal year 2025. The company's strategic locations in Virginia, North Carolina, and Ohio position it advantageously as the U.S. steel and metals industry shifts toward domestic sourcing.

Positive

• Strategic positioning in key Mid-Atlantic locations for domestic metal supply
• Expected profit margin expansion in FY2025
• Potential benefit from 25% steel and aluminum tariffs

Negative

• None.

CHESAPEAKE, Va., Feb. 18, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced that its Chairman and Chief Executive Officer, Danny Meeks, is expected to be interviewed on BNN Bloomberg at 3:05pm Eastern Standard Time today.

$GWAV Positioned to Win Big on Metal Tariffs

The interview is expected to focus on surging demand and prices for U.S. scrap metal resulting from President Trump's recently announced 25% steel and aluminum tariffs without exceptions or exclusions.

$GWAV Positioned to Win Big on Metal Tariffs

As one of the Mid-Atlantic's dominant suppliers of mill-ready shred and other recycled metals, Greenwave anticipates surging demand and expanding profit margins throughout fiscal year 2025. With the U.S. steel and metals industry shifting toward domestic sourcing, Greenwave's strategic position in Virginia, North Carolina, and Ohio places it at the epicenter of these game-changing industry dynamics.

About Greenwave Technology Solutions, Inc.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) operates 13 metal recycling facilities supplying leading steel mills and industrial partners with 100% domestically-sourced metals. Headquartered in Chesapeake, VA, Greenwave plays a critical role in infrastructure projects and U.S. national security, with operations across Virginia, North Carolina, and Ohio. For more information, visit www.GWAV.com.

For detailed financials and updates, visit www.GWAV.com.

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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SOURCE Greenwave Technology Solutions

FAQ

How will the new 25% steel tariffs impact Greenwave Technology (GWAV) operations?

The tariffs are expected to increase demand for domestic scrap metal, potentially expanding Greenwave's profit margins throughout fiscal year 2025 due to its position as a major Mid-Atlantic supplier.

What regions does Greenwave Technology (GWAV) operate in?

Greenwave operates in Virginia, North Carolina, and Ohio, strategically positioned in the Mid-Atlantic region.

What is the expected impact of metal tariffs on GWAV's profit margins in 2025?

Greenwave anticipates expanding profit margins throughout fiscal year 2025 due to surging demand and prices for U.S. scrap metal.

What products does Greenwave Technology Solutions (GWAV) supply to the metal industry?

Greenwave supplies mill-ready shred and other recycled metals as one of the Mid-Atlantic's dominant suppliers.