Greenwave Technology to seek Nasdaq hearing for continued listing

Greenwave Technology (GWAV) received a Staff Determination Letter from Nasdaq based on the company’s non-compliance with Nasdaq Listing Rule 5250(c). The basis for the letter is that the company has not yet filed its quarterly reports for the periods ended March 31, 2025, June 30, 2025 and September 30, 2025, with the SEC. The company filed its quarterly report for the period ended March 31 on November 19 and is working towards the filing of the quarterly reports for the periods ended June 30 and September 30 to ensure full compliance. The staff granted the company an exception until November 17 to regain compliance with the filing rule. It further stated that the trading of the company’s securities will be suspended from Nasdaq at the opening of business on November 28 unless the company requests an appeal of this determination by November 25. A request for a hearing regarding one or more delinquent filings will automatically stay the suspension of the company’s securities for a period of at least 15 calendar days from the date of the hearing request. The company intends to timely submit a request for a hearing including a stay of the suspension of the company’s securities pending the hearing and the Hearings Panel’s decision.