other_material
confidence high
sentiment neutral
materiality 0.60
Greenwave Technology Solutions to effect 1-for-110 reverse stock split to regain Nasdaq compliance
Greenwave Technology Solutions, Inc.
- Reverse split ratio 1-for-110 effective 5:00 p.m. ET on August 22, 2025; split-adjusted trading begins Aug 25.
- Outstanding shares to reduce from 62,794,283 to approximately 570,858, subject to fractional share rounding.
- No fractional shares issued; any fractional interest rounded up to whole share. New CUSIP: 57630J 502.
- Purpose is to increase per-share price to meet Nasdaq minimum bid price requirement for continued listing.
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