Greenwave Technology Solutions, Inc. (GWAV): Nasdaq/NYSE listing notice — GWAV gets 180-day extension to meet Nasdaq $1 bid rule; delisting risk remains

Greenwave Technology Solutions, Inc.

Nasdaq granted additional 180 calendar days, until September 8, 2025, to regain compliance with minimum bid price of $1.00.
Company must have closing bid price at $1.00 for at least 10 consecutive business days during the extension period.
GWAV may implement a reverse stock split to cure the deficiency.
If compliance not shown by Sept 8, 2025, Nasdaq will delist securities; company may appeal.
Previously reported non-compliance on September 13, 2024; initial cure period expired March 12, 2025.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Greenwave Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(a)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(a)(3)(A)

Exact text from the filing

September 13, 2024, the Company received written notice (the “Notice”) from The Nasdaq Listing Qualification Department (“Nasdaq”) notifying the Company that it was not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Minimum Bid Price Requirement”), as the closing bid price of the Company’s common stock had been below $1.00 per share for 30 consecutive business days. The Notice indicated that the Company has 180 calendar days, or until March 12, 2025, to regain compliance with the Mi

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Greenwave Technology Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-010417

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