Greenwave Technology Solutions, Inc. announces a reverse stock split of its common stock to comply with Nasdaq regulations.
The reverse stock split will be effective on August 22, 2025, and trading on a split-adjusted basis will commence on August 25, 2025.
This strategic move aims to increase the per-share trading price of the Common Stock.
Reverse Stock Split Ratios
1 post-reverse split share for every 110 pre-reverse split shares.
Trading Symbol
Common Stock will continue to trade under the symbol GWAV on The Nasdaq Capital Market.
CUSIP Number
Following the reverse stock split, the new CUSIP number will be 57630J 502.
Stockholder Impact
Electronic stockholders will receive post-reverse split shares without action, physical certificate holders will receive instructions from Equity Stock Transfer.
Share Reduction
Shares outstanding will reduce from 62,794,283 to approximately 570,858 post-split.
- The reverse stock split aims to help Greenwave regain compliance with Nasdaq's minimum bid price requirement.
- All stockholders will be affected uniformly with no change in their percentage interest in the company's equity.
Greenwave's decision to undergo a reverse stock split reflects its commitment to meeting Nasdaq compliance standards and enhancing shareholder value.