secwatch.observer — SEC 8-K summary
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Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001493152-23-042791
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenwave gets Nasdaq delisting notice for equity deficiency; shares at risk
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315223042791/0001493152-23-042791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315223042791/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-042791

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