GWAV - Greenwave Technology to withdraw registration statement on Form S-3

• Greenwave Technology Solutions ( NASDAQ: GWAV ) an operator of 11 metal recycling facilities in Virginia and North Carolina, has announced its plans to withdraw its Registration Statement on Form S-3.
• The Co. has generated record revenues of $10.7M in Q2, an increase of 56% from the $6.88M in revenue Empire Services generated in the same period in 2021.
• Also, the senior secured convertible notes in the principal amount of $37.7M together with accrued interest of $1.47M was converted into shares of common stock at a conversion price of $6.02/share.
• "Fundamentally, the Company has the strongest balance sheet in its history and we believe the infrastructure improvements set to come online over the coming months will help us grow our revenues and profit margins significantly. We look forward to reporting back on our progress.” said Danny Meeks, CEO.
• GWAV shares +7.59% premarket to $3.40.
• Source: Press Release

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