Greenwave Technology Solutions Meets Nasdaq Listing Requirements

56 Greenwave Technology Solutions Regains Full Compliance with Nasdaq Listing Standards

CHESAPEAKE, Va., June 18, 2024 — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a company that operates metal recycling facilities in Virginia, North Carolina, and Ohio, announced that on June 17, 2024, the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that it has met the requirements for continued listing on The Nasdaq Capital Market. As a result, the previously announced listing matter is now closed.

Greenwave Technology Solutions (PRNewsfoto/Greenwave Technology Solutions)

About Greenwave
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (“Empire”), operates 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company’s recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous).

Steel is one of the world’s most recycled products, capable of being re-melted and re-cast numerous times. For more information, please visit .

Forward-looking Statements
This press release includes certain forward-looking statements as defined by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are not limited to, pertain to revenue growth, the opening of additional locations, margin expansion, and cashflow projections. Such statements can be identified by the use of words like “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project,” and similar expressions. It’s important to note that all forward-looking statements are solely applicable as of the date of this press release. You should not rely excessively on these forward-looking statements. Although the Company believes that its plans, objectives, expectations, and intentions reflected or implied by the forward-looking statements are reasonable, the Company cannot guarantee that these plans, objectives, expectations, or intentions will be achieved. Forward-looking statements involve substantial risks and uncertainties (some of which are beyond the Company’s control), assumptions, and other factors that could lead to actual results differing materially from historical experience and current expectations or projections. Actual results may vary significantly from those in the forward-looking statements, and the trading price for the Company’s common stock may fluctuate substantially. Forward-looking statements are also influenced by the risk factors outlined in the Company’s filings with the SEC. Except as mandated by law, the Company assumes no obligation to publicly update or revise any forward-looking statements, regardless of new information, future events, or other circumstances, after the date these statements are made or to reflect the occurrence of unforeseen events.

SOURCE Greenwave Technology Solutions