Greenwave Technology Solutions Receives Nasdaq Delisting Notice for Non-Compliance with Filing Requirements

Reuters05-31
Greenwave Technology Solutions Receives Nasdaq Delisting Notice for Non-Compliance with Filing Requirements

Greenwave Technology Solutions Inc., a Delaware-based company, announced on May 23, 2025, that it received a staff determination letter from Nasdaq notifying the company of its failure to comply with the filing requirement for its Form 10-Q for the fiscal year ended March 31, 2025. Due to this non-compliance with Nasdaq's Listing Rule 5250(c)(1), the company has 60 days to submit a plan to regain compliance. If accepted, Nasdaq may grant Greenwave an extension of up to 180 days, until November 17, 2025, to meet the requirements. Greenwave plans to submit a compliance plan but has cautioned that there is no guarantee of acceptance or that it will meet the necessary timeline.

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