Greenwave receives Nasdaq deficiency letter for bid price below $1.00; 180 days to comply

Greenwave Technology Solutions, Inc.

Nasdaq notified Greenwave on Sept 13, 2024 that common stock bid price closed below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until March 12, 2025, to regain compliance under Rule 5550(a)(2).
Compliance can be achieved if bid price closes at $1.00 or more for 10 consecutive business days before deadline.
If not compliant by March 12, 2025, Greenwave may qualify for an additional 180-day period if it meets other listing standards.
Company is considering options including a reverse stock split to cure the deficiency.

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