MSRT - MSRT STOCK NEWS

Greenwave Technology Solutions (OTCPink:MSRT) announced the completion of a $37.7 million offering, enabling the rapid expansion of its metal recycling facilities. The company will consolidate common shares at a ratio of 1-for-300 effective February 28, 2022. Post-Consolidation, shares will reduce from approximately 994 million to 3.3 million. CEO Danny Meeks emphasized that the consolidation is crucial for meeting Nasdaq listing requirements, with uplisting as a priority. Stockholders will not need to take action for registered shares, while adjustments will apply to stock options and warrants.

Greenwave Technology Solutions (OTCPink: MSRT) has successfully closed a $37.7 million offering, setting the stage for aggressive expansion in the metal recycling sector. The recent acquisition of Empire Services has yielded over $27 million in revenue for the year ending December 31, 2021. With plans to open additional facilities and target a NASDAQ or NYSE listing, the company aims to leverage a growing demand for recycled metal, driven by a supply-demand imbalance and environmental benefits of recycling.

Greenwave Technology Solutions (OTCPink:MSRT) announced that its subsidiary, Empire Services, generated $19.6 million in revenue for the first nine months of 2021, more than doubling its 2020 revenue. The company opened its 11th metal recycling facility in Virginia Beach in October 2021 and plans further expansion in 2022, targeting a 12th facility in Fairmont, NC. Greenwave aims to uplist to a national exchange and believes its recent $37.7 million private placement satisfies equity requirements.

Greenwave Technology Solutions (OTCPink:MSRT) announced plans to open its 12th metal recycling facility in Fairmont, NC around January 12, 2022, aiming to enhance revenue growth. Following a successful $37.7 million offering, the Company is positioned for rapid expansion amidst a growing demand for steel, driven by the Infrastructure Investment and Jobs Act. Additionally, Greenwave seeks to uplist to NASDAQ or NYSE, aiming for greater visibility and liquidity.

Greenwave Technology Solutions (OTCPink:MSRT) has successfully closed a $37.7 million private placement aimed at redeeming all Series X and Y preferred shares and retiring existing debt. The funding will bolster revenue growth as the company plans to acquire profitable metal recycling facilities. CEO Danny Meeks emphasizes a favorable market with increasing demand for recycled steel due to infrastructure investments. The firm is preparing to uplist to a national exchange, enhancing visibility and liquidity.

Greenwave Technology Solutions, Inc. (OTCPink:MSRT) has divested its social media assets, eliminating its cannabis exposure. The company has opened its 11th metal recycling facility in Virginia Beach and plans to acquire profitable scrap metal facilities. Strong demand for metallic scrap is projected to rise 41% by fiscal year 2025, against a backdrop of declining supply. CEO Danny Meeks emphasized a focus on revenue growth and shareholder value. Greenwave is also preparing for a potential uplist to NASDAQ or NYSE.

Greenwave Technology Solutions (OTCPink:MSRT) plans to accelerate the expansion of its metal recycling facilities, opening its 11th location in Virginia Beach, strategically positioned for high volume and revenue potential. The company aims to capitalize on a predicted 41% increase in demand for prime metallic scrap by 2025. Following a recent merger, it intends to apply for a NASDAQ or NYSE listing, enhancing visibility and liquidity. Furthermore, Greenwave is transitioning operations to a cloud-based ERP system to optimize growth and efficiency.

MassRoots, Inc. is undergoing a corporate name change to Greenwave Technology Solutions, Inc. following its acquisition of Empire Services, Inc.. This transition emphasizes the Company's focus on environmental technology, particularly in metal recycling. Greenwave has recently acquired its 11th recycling facility in Virginia Beach, VA, and aims to apply for uplisting to NASDAQ or NYSE, enhancing visibility and liquidity. The Company plans to launch a new corporate website and logo shortly, signaling a rebranding effort.

MassRoots, Inc. (OTC-PINK: MSRT) has announced the acquisition of its 11th metal recycling facility, located in Virginia Beach, VA. This facility is set to be among the busiest in terms of revenue and volume. CEO Danny Meeks stated that they see potential for consolidation in the metal recycling industry, aiming to grow Empire Services' revenues through this acquisition. The company plans to uplist to either the Nasdaq Capital Market or the NYSE American Market, expecting increased visibility and liquidity for its stock.