Greenwave Technology Solutions, Inc. filings document regulatory and governance matters for a Nasdaq-listed Delaware corporation operating metal recycling facilities through Empire Services, Inc. Form 8-K reports in the record focus on Nasdaq continued-listing standards, including Item 3.01 notices tied to periodic-report filing requirements and Item 8.01 updates on listing compliance matters.
The filing record also includes Form 12b-25 notifications for delayed Form 10-K and Form 10-Q reports and an Item 5.02 Form 8-K covering the appointment of a chief financial officer and related outsourced bookkeeping, financial reporting and SEC reporting services. These disclosures describe reporting obligations, officer responsibilities, governance actions and public-company compliance risks for GWAV.
Greenwave Technology Solutions, Inc. (GWAV) reported much stronger operating performance for the six months ended June 30, 2026. Revenue rose to $32.3 million from $18.3 million, while gross profit more than doubled to $12.9 million from $5.6 million, driven primarily by scrap metal recycling. Net loss available to common shareholders narrowed to $4.7 million from $12.6 million, and operating cash flow improved to a $0.9 million inflow versus a $2.9 million outflow a year earlier.
Despite these improvements, Greenwave faces significant financial pressure. It ended June 30, 2026 with cash of $0.7 million, a working capital deficit of $23.1 million, total liabilities of $31.6 million, and an accumulated deficit of $525.7 million. Management states that these conditions raise substantial doubt about its ability to continue as a going concern. The company also carries $3.9 million in delinquent payroll tax liabilities and a large related-party property note of $5.4 million. Customer concentration remains high, with a few buyers representing a substantial portion of revenues. Nasdaq previously notified the company of filing delinquencies, but Greenwave has since regained compliance with the listing requirements.
Greenwave Technology Solutions, Inc. notified regulators that it will not file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 by the prescribed deadline. The company cites the need for additional time to finalize the financial statements and related disclosures.
Greenwave notes that its Form 10-Q for the quarter ended March 31, 2026 was filed on July 29, 2026 and states that it is working to complete all steps necessary to finish the second-quarter report. The company anticipates filing this Form 10-Q within the extension period permitted under Rule 12b-25.
Greenwave Technology Solutions operates scrap metal recycling and hauling businesses in the United States. For the three months ended March 31, 2026, revenue was $16,275,981 versus $7,333,710 a year earlier, with gross profit of $6,814,884 versus $3,486,663. The net loss narrowed to $1,504,544, or $1.81 per share, compared with a loss of $4,665,739, or $17.85 per share, in the prior-year quarter. Operating cash flow turned positive at $1,318,528, compared with an outflow of $4,161,414 a year earlier.
As of March 31, 2026, cash was $1,462,876, current assets were $5,708,003, and current liabilities were $23,675,328, resulting in a working capital deficit of $(17,967,325). Total assets were $53,925,543 and stockholders equity was $24,432,416, with an accumulated deficit of $(522,414,972). Management states that these conditions raise substantial doubt about the company’s ability to continue as a going concern. Obligations include non-convertible notes and a related-party property note of $5,391,859, payroll tax liabilities of $3,946,411, and lease liabilities of $450,823. Revenue is concentrated, with one customer representing about 32% of the quarter’s revenue.
Greenwave Technology Solutions, Inc. files its annual report describing a scrap metal recycling business built around 13 facilities in Virginia, North Carolina and Ohio, focused on processing ferrous and nonferrous metals for steel producers.
The company highlights serious risks, including a history of losses, an auditor’s going concern warning, material weaknesses in internal controls, and the need for additional financing. It discloses heavy customer concentration, with two customers providing a large share of 2025 and 2024 revenue, and significant exposure to cyclical steel and scrap markets, tariffs and Chinese import restrictions.
Greenwave also details repeated Nasdaq notices for late SEC filings and prior minimum bid price deficiencies, addressed through large reverse stock splits, while warning that future noncompliance or price weakness could still lead to delisting.
Greenwave Technology Solutions, Inc. reported receiving an additional delinquency notice from Nasdaq because it has not yet filed its 2025 Form 10-K and its Form 10-Q for the quarter ended March 31, 2026. Nasdaq Listing Rule 5250(c)(1) requires timely filing of all required SEC reports.
Greenwave has until June 22, 2026 to submit a plan to regain compliance. If Nasdaq staff accepts the plan, they may allow up to October 12, 2026 for the company to become current in its filings. The company’s shares continue to trade on the Nasdaq Capital Market under the symbol GWAV for now, but the additional delinquency can serve as another basis for potential delisting if compliance is not restored.
Greenwave Technology Solutions, Inc. filed a Form 12b-25 notification stating it cannot timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 because additional time is needed to finalize financial statements and disclosures. The company also states its Form 10-K for the year ended December 31, 2025 remains unfiled. The registrant notes it does not expect to meet the Rule 12b-25 extension window for the First Quarter 10-Q. Contact: Danny Meeks, Chief Executive Officer.
Greenwave Technology Solutions, Inc. received a Nasdaq notice on April 20, 2026 stating it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Form 10-K for the year ended December 31, 2025.
The company has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts this plan, the company may receive up to 180 calendar days from the 10-K due date, until October 12, 2026, to regain compliance. Greenwave’s shares will continue trading on The Nasdaq Capital Market under the symbol GWAV while it works to complete and file the 2025 Form 10-K.
Greenwave Technology Solutions, Inc. notified the SEC that it cannot file its Annual Report on Form 10-K for the year ended December 31, 2025 by the prescribed due date and expects to file the report within the fifteen-calendar-day extension provided under Rule 12b-25.
Greenwave Technology Solutions, Inc. reported Q3 2025 results showing higher sales but continuing losses and liquidity pressure. Revenue for the quarter rose to $12.7 million from $8.5 million a year earlier, while nine‑month revenue increased to $31.0 million from $24.9 million, mainly from scrap metal and hauling operations.
Despite this growth, Q3 loss from operations was $4.9 million, with a nine‑month operating loss of $13.5 million and net loss of $14.9 million. At September 30, 2025, cash was $1.45 million with a working capital deficit of $13.7 million and total liabilities of $27.2 million versus assets of $59.9 million. Management states these conditions raise substantial doubt about the company’s ability to continue as a going concern.
The company continues to rely on equity and debt financings, including related‑party notes, equipment financings and prior revenue factoring advances. It also discloses delinquent payroll tax liabilities of $3.95 million and notes ongoing Nasdaq minimum bid price non‑compliance, for which an extension to September 8, 2025 has been granted.
Greenwave Technology Solutions, Inc. investor Gregory Castaldo has filed an amended Schedule 13G reporting that he now beneficially owns 0 shares of the company’s common stock, representing 0.0% of the class. The filing confirms he has no sole or shared voting or dispositive power over any shares.
Castaldo also certifies that the securities referenced were not acquired and are not held to change or influence control of Greenwave, and are not part of any control-related transaction.