Business Context and Reporting Period
Company: Greenwave Technology Solutions, Inc. (GWAV)
Filing Type: Form 8-K (Current Report)
Date of Report: November 18, 2025
Reporting Period: Immediate event notification regarding Nasdaq listing compliance status.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory compliance status regarding periodic reporting obligations.
Material Changes and Events
- Nasdaq Non-Compliance: The Company received a Staff Determination Letter from Nasdaq for failing to comply with Listing Rule 5250(c)(1) (Filing Rule).
- Delinquent Filings: The Company had not filed Form 10-Q reports for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025.
- Recent Action: The Company filed the Q1 2025 (ended March 31) Form 10-Q on November 19, 2025, and is working to file the remaining Q2 and Q3 reports.
- Trading Suspension Risk: Nasdaq indicated that trading of the Company's securities will be suspended on November 28, 2025, unless an appeal is requested by November 25, 2025.
Outlook, Management Commentary, and Risks
- Appeal Strategy: Management intends to request a hearing before a Nasdaq Hearings Panel by November 25, 2025, to stay the suspension of trading.
- Timeline: A hearing request automatically stays suspension for at least 15 days. Hearings are typically scheduled 30-45 days after the request.
- Uncertainty: There is no assurance that the Hearings Panel will grant additional time or that the Company will ultimately meet Nasdaq requirements to avoid delisting.
- Forward-Looking Statements: The filing includes standard disclaimers that actual results may differ materially from expectations due to compliance risks.
Investor Verification Checklist
- Verify the filing status of the Form 10-Q for the periods ended June 30, 2025, and September 30, 2025, on the SEC EDGAR database.
- Confirm whether the Company submitted a formal request for a hearing to Nasdaq by the November 25, 2025 deadline.
- Monitor Nasdaq announcements for any updates regarding the suspension of trading scheduled for November 28, 2025.
- Review the attached Press Release (Exhibit 99.1) for any additional details on the Company's remediation plan.