Greenwave Technology Solutions Inc. (GWAV)
NASDAQ (CM) NASDAQ (CM) Primary Summary
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 $0.052 each.
Trending on Reddit: Meme Stock Greenwave Technology (GWAV) Is Up Another 62% Today
Greenwave Technology (NASDAQ: GWAV ) stock just won't stop rallying as it has become a new favorite of traders on Reddit. This marks another day of increased trading for GWAV stock without any relevant news behind the rally.
Why Is Greenwave Technology Solutions (GWAV) Stock Up 91% Today?
Greenwave Technology Solutions (NASDAQ: GWAV ) stock is up on Thursday despite the company announcing the late filing of its Form 10-Q. The company notes that it is unable to file its quarterly report for the quarter ended March 31, 2024 by the required deadline.
Greenwave Technology Solutions Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Christopher C. Powers Farther Finance Advisors, LLC | 45 | $236 | $155.7 | -$80.3 | -34.03% |
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Greenwave Technology Solutions Inc. Profile
| Software Industry | Information Technology Sector | Danny Meeks CEO | NASDAQ (CM) Exchange | 57630J502 CUSIP |
| US Country | 180 Employees | - Last Dividend | 25 Aug 2025 Last Split | - IPO Date |
Overview
Greenwave Technology Solutions, Inc., through its subsidiary Empire Services, Inc., operates within the metal recycling industry primarily in Virginia and North Carolina. This company, initially established in 2002 and previously known as MassRoots, Inc., underwent a name change to Greenwave Technology Solutions, Inc. in October 2021. Its strategic operation across 11 recycling facilities showcases their significant footprint in the metal recycling sector. Headquartered in Suffolk, Virginia, Greenwave Technology Solutions has honed its capabilities in transforming raw scrap metals into valuable resources for various industrial uses, contributing to environmental sustainability by recycling ferrous and nonferrous metals.
Products and Services
- Scrap Metal Collection:
- Classification and Processing:
- Sale of Processed Metals:
Greenwave Technology Solutions provides a critical service in the collection of scrap metals. Their operations facilitate the gathering of various types of scrap metals, including ferrous and nonferrous materials, from different sources. This service not only aids in resource conservation but also promotes recycling as a sustainable alternative to the depletion of natural resources.
Once collected, the scrap metals undergo a rigorous process of classification and processing. The company's facilities are equipped to sort metals based on type and quality. This differentiation is crucial for optimizing the recycling process, making it possible to accurately target the specific recycling needs for iron, steel, aluminum, copper, lead, stainless steel, and zinc.
Greenwave Technology Solutions engages in the sale of both processed and unprocessed scrap metals. Their clientele includes steel mills and various other purchasers who require recycled metals for production and manufacturing processes. By supplying a broad spectrum of recycled metals, Greenwave ensures that valuable resources are effectively reintegrated into the economic cycle, supporting industries in reducing their carbon footprint.
