Greenwave Technology Solutions, Inc. announced that effective July 12, 2023, J. Bryan Plumlee, a Director, notified the Company that he will resign from the Company?s Board of Directors (the ?Board?). Mr. Plumlee?s resignation is not the result of a dispute or disagreement with the Company. Mr. Plumlee served as Chairman of the Company?s Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee.

Concurrently with Mr. Plumlee?s resignation from the Board, the Board appointed Henry Sicignano III to fill the vacancy on the Board until the Company?s 2023 annual stockholder meeting and until his successor has been duly appointed and qualified. Mr. Sicignano will serve as Chairman of the Board?s Audit Committee and as a member of the Board?s Compensation Committee and Nominating and Corporate Governance Committee. Following Mr. Sicignano?s appointment, Cheryl Lanthorn will replace Mr. Plumlee as Chairwoman of the Compensation Committee and Nominating and Corporate Governance Committee.

The Board has determined that Mr. Sicignano is ?independent,? as that term is defined by the rules of the Nasdaq Stock Market, and an ?audit committee financial expert.? Mr. Sicignano currently serves as the President of Charlie?s Holdings, Inc., a publicly traded consumer goods company with sales extending to more than 90 countries, a role which he has held since April 2021.

Prior to this role, from March 2015 through July 2019, he served as Chief Executive Officer of 22nd Century Group, Inc. Additionally, Mr. Sicignano has served as director of Kartoon Studios, Inc. since May 2023 and served as General Manager at NOCO Energy Corp, as well as Vice President at Kittinger Furniture Company, Inc. He also served on the board of directors of Anandia Laboratories, Inc., which was acquired in 2018. Mr. Sicignano holds a B.A. degree from Harvard College and an M.B.A. degree from Harvard University.