Greenwave Announces Receipt of Additional Delinquency Notice from Nasdaq
Rhea-AI Summary
Greenwave (Nasdaq: GWAV) received an additional delinquency notice from Nasdaq on May 21, 2026 for not timely filing its Q1 2026 Form 10-Q, adding to a prior notice regarding its 2025 Form 10-K. The delinquency may serve as an additional basis for delisting.
Greenwave has until June 22, 2026 to submit a compliance plan, and may receive up to October 12, 2026 to regain compliance. Its shares continue trading on the Nasdaq Capital Market as the company works to complete and file the late reports.
Positive
- Nasdaq allows Greenwave until June 22, 2026 to submit a compliance plan
- Potential exception period extends to October 12, 2026 to regain compliance
- Greenwave shares continue trading on the Nasdaq Capital Market under symbol GWAV
- Company states it is working to complete and file the late reports
Negative
- Additional Nasdaq delinquency notice for late Q1 2026 Form 10-Q filing
- Company also delayed filing its 2025 Form 10-K annual report
- Non-compliance with Nasdaq Listing Rule 5250(c)(1) on timely SEC filings
- Delinquency may provide an additional basis for potential Nasdaq delisting
News Market Reaction – GWAV
In the May 28 session, GWAV gained 4.29%, reflecting a moderate positive market reaction. Argus tracked a trough of -3.1% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 22 | Nasdaq non-compliance notice | Negative | -2.0% | Nasdaq notice for failure to file 2025 Form 10-K on time. |
| Feb 10 | CFO appointment | Positive | -5.3% | Appointment of new CFO and outsourcing of SEC reporting support. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news shows mixed market responses: a prior Nasdaq non-compliance notice saw shares fall, while a CFO appointment coincided with a decline despite being operationally constructive.
Over recent months, Greenwave’s disclosures highlight ongoing listing compliance and financial reporting challenges. On Apr 22, 2026, the company reported a Nasdaq non-compliance notice for the late 2025 Form 10-K, which was followed by a -1.96% move. Earlier, on Feb 10, 2026, Greenwave announced the appointment of a new CFO and expanded SEC reporting support, yet the stock moved -5.26%. Today’s additional delinquency notice extends this pattern of listing-risk headlines tied to delayed SEC filings.
Key Terms
nasdaq listing rule 5250(c)(1) regulatory
form 10-q regulatory
form 10-k regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Chesapeake, VA, May 27, 2026 (GLOBE NEWSWIRE) -- Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today reported that the Company received an additional delinquency notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on May 21, 2026, which indicated that, as a result of the delay in the Company’s filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Q1 Form 10-Q”) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). The additional delinquency could serve as an additional basis for the delisting of the Company’s securities from Nasdaq.
As previously disclosed on April 22, 2026, the Company received a delinquency notification from Nasdaq regarding the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Annual Report” and together with the Q1 Form 10-Q, the “Late Reports”). Nasdaq informed the Company that it has until June 22, 2026 to submit a plan to regain compliance with the Rule. If the Staff accepts the Company’s plan to regain compliance, then it may grant the Company an exception of up to 180 calendar days from the Annual Report’s due date, or until October 12, 2026, to evidence compliance with the Rule. The Company plans to submit such plan to Nasdaq by or before June 22, 2026.
Neither the Notice nor the Company’s non-compliance with the Rule has an immediate effect on the listing or trading of the Company’s securities on Nasdaq, which will continue to trade on The Nasdaq Capital Market under the symbol “GWAV.” The Company continues to work diligently to complete and file the Late Reports with the SEC and regain compliance with Rule and thereby evidence compliance with such requirement as soon as practicable.
About Greenwave
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc., is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company’s recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system.
Steel is one of the world’s most recycled products with the ability to be re-melted and re-cast numerous times. Recycling steel provides key environmental benefits over virgin metals, including reduced energy use, lower CO2 emissions, lower waste, and conserving natural resources. The Company’s customers include large corporations, industrial manufacturers, retail customers, and government organizations. The Company plans to aggressively expand its footprint of locations by acquiring independent, profitable scrap yards in the coming months. For more information, please visit www.GWAV.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company’s control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company’s Common Stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contact Info:
(800) 490-5020
Info@GWAV.com
