Greenwave Technology Solutions, Inc. (GWAV): Nasdaq/NYSE listing notice — Greenwave gets Nasdaq delisting notice for equity deficiency; shares at risk

Greenwave Technology Solutions, Inc.

Nasdaq notified Greenwave on Nov 21, 2023 that stockholders' equity fell below $2.5M minimum required for continued listing.
Company also failed to meet alternative standards of market value of listed securities or net income from continuing operations.
Previously on Oct 6, 2023, Nasdaq warned of bid price below $1.00 for 30 consecutive business days under Rule 5550(a)(2).
Greenwave has 45 days to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension if plan accepted.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Greenwave Technology Solutions, Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5550(b)(1), 5550(a)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: late filing
Rules: 5550(b)(1), 5550(a)(2)

Exact text from the filing

June 24, 2016, Greenwave Technology Solutions, Inc., a Delaware corporation (the “Company”), received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Capital Market (“NASDAQ”) indicating that NASDAQ has determined that the Company has failed to comply with NASDAQ Listing Rule 5550(b)(1). NASDAQ Listing Rule 5550(b)(1) requires that companies listed on NASDAQ maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. The Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 reported stockholders’ equity bel

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Greenwave Technology Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-042791

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