GWAV - What's Going On With Greenwave Technology | Benzinga
Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) shares are trading higher Tuesday after the company announced the completion of its recapitalization.
The Details:
Greenwave said it has strengthened its balance sheet by approximately $80.5 million since February and has a current cash balance of over $26 million, its strongest cash position in company history.
The company also said it is on track to generate revenue exceeding $40 million in 2024, driven by volume of steel and copper processed.
Greenwave said it intends to utilize additional cash flow from operations to aggressively grow and increase processing volume and plans to expand its technology platform, ScrapApp.com, nationwide and to continue AI development.