secwatch.observer — SEC 8-K summary
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Issuer:     Greenwave Technology Solutions, Inc. (GWAV)
CIK:        0001589149
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001493152-24-036233
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224036233/0001493152-24-036233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589149/000149315224036233/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036233

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