Greenwave Technology highlights insider purchases in letter to shareholders

Greenwave Technology (GWAV) released the following letter to shareholders from Danny Meeks, chairman and CEO: “I am pleased to report Greenwave will enter 2025 in the strongest strategic and financial position in the history of the Company. Three areas of focus highlight Greenwave’s excellent – and improving – fundamental business: a very strong balance sheet, increasingly favorable US trade policies focused on boosting demand for domestic scrap metal, and upcoming Company milestones and catalysts that are expected to be transformative for Greenwave’s fundamental business… Over the past two weeks, during an open trading window, several of our officers and directors purchased significant numbers of Greenwave shares on the open market: Greenwave’s Chairman and CEO, Danny Meeks, purchased 377,002 shares of common stock at $0.66/share. Independent Director Jason Adelman, an experienced investment banker, small cap investor and a graduate of the University of Pennsylvania and Cornell Law School, purchased 100,000 shares of common stock at $0.66/share. Audit Committee Chair Henry Sicignano III, a former CEO of Nasdaq-listed company and double-Harvard graduate, purchased 100,000 shares of common stock at $0.659/share… In my twenty years working in the scrap metal industry, I have never been more bullish about the future prospects of our business. Greenwave is entering FY 2025 in an incredibly strong financial position, with optimal trade conditions, and numerous upcoming catalysts that are expected to be truly transformative for the Company. The scrap metal industry is rapidly consolidating. We believe Greenwave’s extensive footprint, grandfathered licenses, and relationships with key suppliers offer a unique and compelling opportunity for our company and shareholders. Greenwave currently provides subsidiaries of Nucor Corporation, Cleveland-Cliffs, Inc., Sims Limited, Georgia-Pacific, and several other steel producers, with a reliable supply of mill-ready shred, sourced from thousands of corporations, municipalities, and individuals in Virginia, North Carolina, and Ohio.”