Greenwave Technology Solutions, Inc. (GWAV): Nasdaq/NYSE listing notice — Greenwave Technology receives Nasdaq delisting notice for bid price below $1.00

Greenwave Technology Solutions, Inc.

Received Nasdaq Staff Deficiency Letter on Oct 3, 2023, for bid price below $1.00 for 30 consecutive business days.
Must regain compliance by Nov 13, 2023, with closing bid at $1.00 for at least 10 consecutive business days.
If not compliant by Apr 1, 2024, may be eligible for additional 180-day period or face delisting.
Intends to monitor price and consider options including potential reverse stock split.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Greenwave Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 3, 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 complia

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Greenwave Technology Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-036551

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