---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018701"
form_type: "8-K"
ticker: "GWAV"
cik: "0001589149"
company_name: "Greenwave Technology Solutions, Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:43:03.380996+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Greenwave Technology faces Nasdaq delisting after stock closes below $0.10 for 10 days

## Summary
- On May 7, 2024, Nasdaq notified Greenwave that bid price closed below $0.10 for 10 consecutive trading days.
- Nasdaq determined delisting necessary under Rule 5810(c)(3)(A)(iii) (Low Priced Stock Rule) unless hearing is requested.
- Company intends to timely request a hearing before Nasdaq Hearings Panel to stay any delisting action.
- Common stock (GWAV) will continue trading on Nasdaq until at least the hearing and any extension period.
- Risk remains that Nasdaq may not grant continued listing or that company cannot meet continued listing requirements.

## SEC filing metadata
- accession: 0001493152-24-018701
- form_type: 8-K
- ticker: GWAV
- cik: 0001589149
- company_name: Greenwave Technology Solutions, Inc.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589149/000149315224018701/0001493152-24-018701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589149/000149315224018701/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018701
- JSON: https://secwatch.observer/filing/0001493152-24-018701.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018701.txt

## Key facts
- Listing & Compliance Notices
  Greenwave Technology Solutions, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii), 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5810(c)(3)(A)(iii), 5550(a)(2)
  source text: May 7, 2024, the Company received notice from the Staff indicating that the bid price for the Company’s common stock had closed below $0.10 per share for the 10-consecutive trading day period ended May 6, 2024 and, accordingly, the Company is subject to the provisions contemplated under Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stock Rule”) and subject to delisting from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company plans to timely request a hearing before the Panel, which request will stay any further action by Nas
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315224018701/0001493152-24-018701-index.htm
- Listing & Compliance Notices
  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)
  source text: October 3, 2023, Greenwave Technology Solutions, Inc., a Delaware corporation (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that for the previous thirty (30) consecutive business days, the bid price for the Company’s common stock closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). The Company was provided 180 calendar days, or until April 1, 2024, to regain compliance with the Bid Price
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589149/000149315224018701/0001493152-24-018701-index.htm

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