FAQ: Greenwave Technology Solutions' 1-for-110 Reverse Stock Split

What is Greenwave Technology Solutions implementing?

Greenwave is implementing a 1-for-110 reverse stock split of its common stock to increase the per-share trading price and regain compliance with Nasdaq’s minimum bid price requirement.

When does the reverse stock split take effect?

The reverse stock split becomes effective at 5 p.m. EST on Friday, August 22, 2025, with trading on a split-adjusted basis beginning when the market opens on Monday, August 25, 2025.

Why is Greenwave implementing this reverse stock split?

The primary purpose is to boost the company’s per-share trading price and help it regain compliance with Nasdaq’s minimum bid price requirement for continued listing on the Nasdaq Capital Market.

How will the reverse stock split affect the number of outstanding shares?

The outstanding common shares will be reduced from 62,794,283 to approximately 570,858 shares following the 1-for-110 reverse split.

What happens to fractional shares after the reverse split?

Fractional shares will not be issued; any fractional interest resulting from the reverse split will be rounded up to the nearest whole share.

Will the stock continue trading under the same symbol?

Yes, the stock will continue trading on the Nasdaq Capital Market under the symbol GWAV, but with a new CUSIP number: 57630J 502.

What does Greenwave Technology Solutions do as a company?

Greenwave operates 13 metal recycling facilities in Virginia, North Carolina, and Ohio through its subsidiary Empire Services, Inc., collecting, classifying, and processing raw scrap metal while using technology to increase efficiency.

Where can investors find more information about this announcement?

Investors can view the full press release at https://ibn.fm/L2M8n and find the latest news and updates relating to GWAV at https://ibn.fm/GWAV.