May. 27 at 11:27 PM
Greenwave Technology Solutions shares fell in after-hours trading after the metal recycling company disclosed that it received a second Nasdaq non-compliance notice tied to delayed financial filings. The notice, issued on May 21, cited Greenwave’s failure to file its quarterly Form 10-Q for the period ended March 31, 2026, within the required timeframe, violating Nasdaq Listing Rule 5250(c)(1).
The latest warning follows a prior notice received in April related to the company’s delayed 2025 annual report on Form 10-K. Nasdaq has given Greenwave until June 22 to submit a compliance plan. If accepted, the exchange could grant the company up to 180 additional days, or until Oct. 12, to regain compliance.
Greenwave said it plans to submit its compliance strategy before the deadline and continues working to complete and file both overdue reports with the SEC. The notices do not immediately affect the trading or listing of the company’s shares on the Nasdaq Capital Market.
$GWAV