Greenwave Technology Solutions Inc. Announces Reverse Stock Split
Greenwave Technology Solutions, Inc., a prominent American scrap recycling company operating nationwide, has announced a significant corporate action aimed at regaining compliance with Nasdaq listing requirements. The company, which specializes in recycling scrap metals and other solid waste, has declared a reverse stock split in a 1-for-110 ratio.
The decision to implement this reverse stock split was reported by multiple financial news sources on August 20, 2025. According to de.investing.com, Greenwave Technology Solutions has officially announced the stock consolidation. Seeking Alpha and Investing.com also confirmed the move, highlighting its purpose to meet Nasdaq’s minimum share price criteria. Globenewswire further elaborated that the reverse stock split is a strategic step to ensure the company’s continued compliance with the exchange’s listing standards.
As of August 18, 2025, Greenwave’s stock was trading at $0.17, significantly below its 52-week high of $1.09, recorded on December 4, 2024. The company’s 52-week low was $0.12, observed on April 20, 2025. The reverse stock split is expected to increase the share price by a factor of 110, thereby helping the company to meet the Nasdaq’s minimum price requirement.
Greenwave Technology Solutions, Inc. is listed on the Nasdaq under the Industrials sector. The company’s market capitalization stands at approximately $10,398,817 USD. This reverse stock split is a critical move for Greenwave as it seeks to stabilize its stock price and maintain its listing on the Nasdaq, ensuring continued access to capital markets and investor confidence.
This corporate action reflects Greenwave’s proactive approach to addressing its financial and regulatory challenges, aiming to secure its position in the competitive recycling industry.