Business Context and Reporting Period
Company: Greenwave Technology Solutions, Inc. (GWAV)
Filing Type: Form 8-K (Current Report)
Date of Report: May 21, 2026
Reporting Period: The filing addresses regulatory compliance status regarding the fiscal year ended December 31, 2025, and the fiscal quarter ended March 31, 2026.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on regulatory compliance and listing status rather than financial performance data.
Material Changes and Events
- Delinquency Notification: On May 21, 2026, the Company received a notice from Nasdaq regarding the failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
- Prior Delinquency: This follows a previous notice received on April 22, 2026, regarding the failure to file the Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
- Listing Status: Despite the non-compliance with Nasdaq Listing Rule 5250(c)(1), the Company's securities continue to trade on the Nasdaq Capital Market under the symbol "GWAV" with no immediate effect on listing or trading.
Guidance, Outlook, and Risks
- Compliance Plan Deadline: The Company must submit a plan to regain compliance to the Nasdaq Staff by June 22, 2026.
- Potential Relief: If the plan is accepted, the Company may be granted an exception of up to 180 calendar days from the Annual Report's due date, extending the compliance deadline to October 12, 2026.
- Risks and Contingencies:
- No assurance exists that the Company will comply with the Rule during the compliance period.
- No assurance exists that Nasdaq will grant relief from delisting or that the Company can meet applicable requirements for such relief.
- Failure to regain compliance could result in delisting.
- Management Commentary: Management states the Company is working diligently to complete and file the late reports as soon as practicable.
Investor Verification Checklist
- Verify the submission date of the compliance plan to Nasdaq (Deadline: June 22, 2026).
- Monitor the status of the Form 10-K for the fiscal year ended December 31, 2025, and the Form 10-Q for the quarter ended March 31, 2026.
- Confirm whether Nasdaq grants the requested 180-day extension or imposes delisting proceedings.
- Review the attached press release (Exhibit 99.1) for any additional details on the cause of the filing delays.