---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018528"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:15:04.025114+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greenwave receives Nasdaq deficiency notice for bid price below $1.00

## Summary
- Received Nasdaq Staff Deficiency Letter on May 17, 2023 for non-compliance with minimum bid price rule.
- Bid price closed below $1.00 for 30 consecutive business days; 180-day cure period ends Nov 13, 2023.
- To regain compliance, stock must close at $1.00+ for at least 10 consecutive business days.
- Company may consider a reverse stock split or other options if unable to cure by deadline.
- No immediate impact on listing or trading of GWAV common stock.

## SEC filing metadata
- accession: 0001493152-23-018528
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315223018528/0001493152-23-018528-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315223018528/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018528
- JSON: https://secwatch.observer/filing/0001493152-23-018528.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018528.txt

## Key facts
- Listing & Compliance Notices
  Greenwave Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: May 17, 2023, Greenwave Technology Solutions, Inc. (the “Company”) received a letter (the “Nasdaq Staff Deficiency Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the last thirty (30) consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until November 13, 2023, to regain compliance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315223018528/0001493152-23-018528-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.