Greenwave Technology Solutions Inc. announced a reverse stock split of its common stock at a ratio of 1-for-110, effective August 22, 2025. The company's stock will trade on a reverse split-adjusted basis starting August 25, 2025, under the Nasdaq symbol GWAV. This move aims to increase the per-share trading price to meet Nasdaq's minimum bid price requirement. The reverse split will reduce the number of outstanding shares from 62,794,283 to approximately 570,858, with no fractional shares issued.
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