MSRT - Greenwave Technology Solutions announces 300:1 share consolidation

Greenwave Technology Solutions (OTCPK:MSRT) stated Friday that it will be consolidating all of its outstanding shares to meet the Nasdaq's stock price listing requirement. Share consolidation ratio is set at 300:1, that is 1 share post-consolidation for every 300 shares held pre-consolidation. The company expects its issued and outstanding shares to be reduced to 3,316,238 from current 994,871,337 shares. The effective date of the consolidation is February 28, 2022. "This share consolidation is necessary for Greenwave to meet the share price listing requirements of Nasdaq. Uplisting our common stock a national exchange is a top priority over the coming months," said CEO Danny Meeks.

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Greenwave Technology Solutions announces 300:1 share consolidation