GWAV faces Nasdaq 10-Q non-compliance, hearing set Jan 2026
Rhea-AI Filing Summary
Greenwave Technology Solutions, Inc. reported that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it did not timely file its Quarterly Reports on Form 10-Q for the periods ended March 31, 2025, June 30, 2025, and September 30, 2025. The company requested a hearing with the Nasdaq Hearings Panel on January 13, 2026 and obtained an extension of the automatic stay of suspension through the hearings process and any extension period granted by the Panel. Greenwave has since filed its Form 10-Q for the period ended March 31, 2025 and is working to file the remaining two delayed Form 10-Qs as promptly as possible to regain full compliance with Nasdaq’s filing requirements.
Positive
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Negative
- Nasdaq non-compliance and listing risk: Greenwave Technology Solutions received a Nasdaq Staff Determination Letter for failing to timely file three Form 10-Qs (March 31, 2025, June 30, 2025, and September 30, 2025), putting its Nasdaq Capital Market listing at risk pending a hearings process.
Insights
Nasdaq non-compliance raises listing risk, partly mitigated by a hearing and active remediation.
Greenwave Technology Solutions has been deemed non-compliant with Nasdaq Listing Rule 5250(c)(1) because it failed to timely file Form 10-Qs for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025. Nasdaq’s filing rule focuses on timely periodic reports, so this notice directly affects the company’s continued listing status on the Nasdaq Capital Market.
The company requested a hearing before the Nasdaq Hearings Panel, scheduled for January 13, 2026, and obtained an extension of the automatic stay of suspension through the hearings process and any additional extension period granted by the Panel. This means its shares can remain listed while the Panel reviews the situation, reducing immediate trading disruption.
Greenwave has already filed its Form 10-Q for the period ended March 31, 2025 as of November 19, 2025 and states it is actively working to file the June 30, 2025 and September 30, 2025 Form 10-Qs as promptly as possible. The eventual Panel outcome will depend on whether the remaining reports are filed and the company demonstrates full compliance with the filing rule.
8-K Event Classification
FAQ
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Why did Greenwave Technology Solutions (GWAV) receive a Nasdaq notice?
What action has Greenwave Technology Solutions (GWAV) taken in response to the Nasdaq non-compliance notice?
When is Greenwave Technology Solutions Nasdaq hearing scheduled?
Has Greenwave Technology Solutions (GWAV) filed any of its delayed Form 10-Qs?
What Nasdaq rule is Greenwave Technology Solutions currently not complying with?
Is Greenwave Technology Solutions stock immediately suspended from Nasdaq trading?
AI-generated analysis. How Rhea-AI works. Not financial advice.