Greenwave Technology Solutions Inc (NASDAQ:GWAV) stock fell 2.3% in Wednesday premarket trading after the metal recycling firm received an additional delinquency notice from Nasdaq for not submitting required financial reports on time.
The company disclosed that it received this notice on August 22, 2025, regarding its delay in filing the Quarterly Report on Form 10-Q for the period ended June 30, 2025. This failure to comply with Nasdaq Listing Rule 5250(c)(1) could serve as further grounds for delisting Greenwave’s shares from the exchange.
This follows a previous delinquency notice received on May 30, 2025, related to the company’s failure to file its first-quarter 10-Q. While Nasdaq had approved Greenwave’s initial compliance plan, which required the Q1 filing by August 22, 2025, the exchange now requested an update including plans for the Q2 filing. The company stated it will provide Nasdaq with its updated plan by September 8, 2025.
Despite these compliance challenges, Greenwave’s shares will continue trading on The Nasdaq Capital Market under the symbol “GWAV” for the time being. The company, operating metal recycling facilities in Virginia, North Carolina, and Ohio, said it is “working diligently” to complete and file the delayed reports as quickly as possible.
Greenwave Technology Solutions stock price
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