secwatch.observer — SEC 8-K summary
======================================

Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001493152-24-018701
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224018701/0001493152-24-018701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224018701/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018701

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer