Greenwave Technology Solutions Business Summary

Greenwave Technology Solutions, Inc. (GWAV) operates a vertically integrated metal recycling business, generating revenue primarily through the processing and sale of ferrous and non-ferrous scrap metal to steel mills and industrial manufacturers. The company’s primary business segments include scrap metal recycling—comprising heavy melting steel, plate, structural, and shredded scrap—and industrial hauling services, with recent strategic expansions into wood recycling and rare-earth metal recovery. GWAV leverages specialized technologies, including a downstream recovery system and a cloud-based ERP platform, to optimize processing volumes and operational efficiency across its 13 facilities in Virginia, North Carolina, and Ohio. Positioned as a micro-cap domestic supplier, GWAV competes directly with firms such as Quest Resource Holding Corp. (QRHC), Aqua Metals, Inc. (AQMS), and Marwynn (MWYN), differentiating itself through its strategic Mid-Atlantic footprint and its status as a 100% domestically-sourced supplier benefiting from current U.S. metal tariffs. The company is led by Chairman and CEO Danny Meeks, a seasoned industry veteran who founded the core operating subsidiary, Empire Services, Inc., and has driven the firm’s growth through a roll-up strategy of independent scrap yards. In February 2026, Greenwave appointed Chelsea Pullano as Chief Financial Officer (part-time) via a scope of work agreement with MACK Financial Solutions to oversee SEC compliance and strategic financial reporting. The founding team also includes Isaac Dietrich, who served as the company's initial CEO and Chairman during its transition into the recycling sector. Notable institutional investors include Anson Funds Management LP, Geode Capital Management LLC, and XTX Topco Ltd, while the Board of Directors is supported by experienced independent members such as Cheryl Lanthorn and Lisa Lucas-Burke.