RegulatoryMay 27, 2026, 05:21 PM
Greenwave Receives Additional Nasdaq Delinquency Notice for Late Q1 10-Q
AI Summary
Greenwave Technology Solutions received an additional delinquency notice from Nasdaq on May 21, 2026, for failing to timely file its Quarterly Report on Form 10-Q for Q1 2026. This adds to a previous delinquency notice for its Annual Report on Form 10-K for 2025, putting the company in violation of Nasdaq Listing Rule 5250(c)(1). Greenwave must submit a plan to regain compliance by June 22, 2026, with a potential exception period until October 12, 2026, to avoid delisting.
Key Highlights
- Greenwave received an additional Nasdaq delinquency notice on May 21, 2026.
- The notice is due to the delay in filing its Q1 Form 10-Q for the period ended March 31, 2026.
- This violates Nasdaq Listing Rule 5250(c)(1) requiring timely periodic financial reports.
- The company previously received a delinquency notice for its Annual Report on Form 10-K for 2025.
- Nasdaq set a deadline of June 22, 2026, for Greenwave to submit a compliance plan.
- If accepted, Nasdaq may grant an exception until October 12, 2026, to regain compliance.
- The non-compliance does not immediately affect the listing or trading of GWAV securities.
- Greenwave is working to complete and file the late reports and regain compliance.
Price Impact
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