Greenwave Technology (GWAV) Announces 1-for-110 Reverse Split to Regain Nasdaq Compliance

Chesapeake, Va. — [Date] — Greenwave Technology Solutions, Inc. (NASDAQ: GWAV), a company operating in the metal recycling sector, confirmed today that it has implemented a 1-for-110 reverse stock split of its common shares, effective August 22, 2025. The move is intended to boost the per-share price and bring the company back into compliance with Nasdaq’s minimum bid price rule. Quiver Quantitative+1

Under the reverse split, approximately 62.8 million shares outstanding will be consolidated into ~570,858 shares, with fractional interests being rounded up. Ownership percentages for existing shareholders will remain intact; proportionate adjustments will also be made to options and warrants. Quiver Quantitative+1

Trading under the ticker GWAV will continue, with the stock beginning to trade on its split-adjusted basis on August 25, 2025. Quiver Quantitative

Context: Why the Drastic Split?

The extreme reverse split ratio emphasizes how deeply Greenwave’s stock had fallen below Nasdaq’s minimum bid requirement. To maintain a listing on the Nasdaq Capital Market, the company needs to hold its share price above $1.00 (or meet equivalent criteria) over a sustained period. Stock Titan+2Quiver Quantitative+2

Greenwave had previously regained compliance in mid-2024 after periods of noncompliance and risked delisting in the past. MarketWatch+2MarketWatch+2 However, the renewed need for a split indicates the share price remains under serious pressure. Investorsobserver+1

Reverse splits of less aggressive ratios (e.g. 1-for-10) are more common; a 1-for-110 ratio is unusually large and often viewed by the market as a sign of underlying financial stress or share price decay. Stock Titan+1

Business Fundamentals & Growth Drivers

Beyond capital structure maneuvers, Greenwave has spotlighted several operational and macroeconomic factors it believes will support growth in 2025 and beyond.

Tariff Tailwinds

Greenwave supplies recycled ferrous and nonferrous metal — including steel, copper, and aluminum — to clients such as Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific. PR Newswire+2Greenwave+2 The firm asserts that anticipated tariffs on metal imports (particularly copper) will bolster domestic scrap metal pricing and reduce foreign competition, acting as a “tailwind” for revenue and margin expansion. PR Newswire+2Greenwave+2

Indeed, earlier filings show that Greenswave has raised its full-year 2025 revenue guidance to $47–$50 million, citing stronger demand and higher scrap prices. PR Newswire The company currently holds ~$10 million in cash and inventory valued at $7 million, with no immediate plans to raise additional capital. PR Newswire

Government & Municipal Contracts

Greenwave has also sought to expand its backlog and revenue visibility through contracts with government and municipal clients. Among recent wins is an exclusive contract to recycle 550,000 lbs of nonferrous metal, expected to add roughly $2 million in revenues across Q4 2024 and Q1 2025. Greenwave+1 Other contracts include work related to infrastructure and recycling of abandoned vehicles in regional jurisdictions. PR Newswire+1

Given its proximity to Naval Station Norfolk (the world’s largest naval base) and the Port of Virginia, Greenwave may be well-positioned to source scrap from shipyards, defense contractors, and other heavy industrial operations. PR Newswire+1 The company also emphasizes that its state and municipal recycling facility licenses impose regulatory barriers that limit new entrants in certain markets. Greenwave+1

Strategic Facility Relationships & Expansion Plans

Greenwave often points to the upcoming Lexington, North Carolina steelmaking facility by Nucor as a catalyst. Built to process mostly recycled metal, the plant is expected to generate additional demand for scrap inputs from local recyclers. Greenwave+1

The company claims competitive advantages from its existing facility footprint, cloud-based ERP systems, downstream recovery technology, and relationships with major steel producers. Greenwave In its earlier history, Greenwave also secured real estate for several of its facilities in order to cut annual rent expenses by approximately $1.7 million. Greenwave

Market Reaction & Investor Sentiment

The reverse split announcement triggered volatility in GWAV’s pricing, particularly during pre-market trading, with a reported 36.67% pre-market surge on August 22, 2025 as markets anticipated the adjustment. AInvest That said, such moves can reflect speculative positioning rather than long-term conviction.

Moreover, the steep split may stir skepticism among retail and institutional investors. The market often treats large reverse splits as red flags, reflecting deteriorated fundamentals rather than strategic repositioning. Stock Titan+2Quiver Quantitative+2 The company’s prior delisting (in September of a previous year) also contributed to diminished confidence. Investorsobserver

Still, some analysts believe that if policy support (e.g. tariffs) holds and operational performance improves, Greenwave might stage a rebound. Investorsobserver But the challenges are steep: low liquidity, diluted equity, and the need to prove that revenue and margin expansions are sustainable.

What Retail Investors Should Watch

For those following GWAV, here are key indicators to monitor in the coming weeks:

Post-split share price behavior — whether the stock stabilizes above $1.00 and prevents further downward pressure

Execution on revenue guidance — whether Greenwave meets or exceeds its $47–50 million target for FY 2025

Strength of scrap pricing and tariff policy — continued upward pressure in metal markets would be supportive

New contract acquisitions and backlog growth, especially in municipal and government recycling work

Liquidity and trading volume — without sufficient volume, any gains may prove fragile

Transparency in financial reporting and insider activity — any major capital raises, dilution, or insider sales will be closely scrutinized

SCN Editorial Outlook

Greenwave’s decision to execute a 1-for-110 reverse stock split underscores the urgency of restoring Nasdaq compliance. While technically necessary under the listing rules, the size of the split also signals deep distress in the company’s share price and market perception. That said, Greenwave is working in a sector that may benefit from favorable macro policy (e.g. tariffs on metals) and strong local demand for recycled materials.

From our viewpoint, GWAV represents a high-risk, high-volatility play. If Greenwave can deliver on its revenue targets, expand its contract base, and navigate policy tailwinds, the stock may recover some relevance. But that scenario demands flawless execution and continued macro support. For more conservative retail investors, GWAV is not a core holding — it’s a speculative opportunity that requires close monitoring.

If you like, I can also draft a one-page investor brief or SWOT table for Greenwave to assist your readers.