Greenwave Technology Solutions (NASDAQ: GWAV), announced a $4 million direct offering and private placement, issuing 7,544,323 shares at $0.5302 per share and warrants exercisable at the same price, pending stockholder approval. The financing supports Greenwave’s rare earth recovery initiatives amid global supply chain challenges, leveraging advanced technologies to extract materials from lithium batteries and electronic components while exploring a dedicated recovery facility. Strategically located near Naval Station Norfolk, Greenwave’s facilities benefit from premium scrap streams, enhancing its leadership in sustainable metals recovery.
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About Greenwave Technology Solutions Inc
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (“Empire”), is an operator of 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).
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/GWAV
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