Greenwave Technology Solutions, Inc. — Cyborg Score 4/10
Mixed
Scrap metal recycling and processing
Strategic Profile
Greenwave operates a scrap metal recycling chain with 13 metal recycling facilities across the Mid-Atlantic and Midwest, processing raw scrap metal and metal-bearing materials into mill-ready recycled metals supplied to large steel and manufacturing companies. The company implements several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system.
Cyborg Score Rationale
The company announced a 1-for-110 reverse stock split effective August 22, 2025, to regain Nasdaq compliance with minimum bid price requirements. In April 2026, Greenwave received a Nasdaq notice for failure to file its 2025 Form 10-K by the due date, with 60 calendar days to submit a compliance plan and potential extension until October 12, 2026. However, the company operates in a stable, essential industry with established customer relationships.
Top Insights
Stock price was $3.79 as of April 15, 2026, with a market cap of approximately $3.0 million.
Appointed Chelsea Pullano as part-time Chief Financial Officer effective February 5, 2026, following a scope of work agreement with MACK Financial Solutions dated January 2, 2026, for bookkeeping and SEC reporting services.
Major customers include Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific, providing revenue stability in the metal recycling sector.
Uses proprietary technologies including downstream recovery systems and cloud-based ERP systems to improve operational efficiency and processing volumes.
Named Competitors
Scrap Metal Recycling — Lead-acid battery and e-waste recycling
Scrap Metal Recycling — Multi-material metal recycling operations
Metal Recycling Services — Waste and scrap management services
Recent Developments
(April 2026) Received Nasdaq notice for failure to file 2025 Form 10-K; company working to achieve compliance by October 12, 2026
(February 2026) Appointed Chelsea Pullano as part-time Chief Financial Officer
(January 2026) Engaged MACK Financial Solutions for bookkeeping and SEC reporting services