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Greenwave Technology Receives Additional Delinquency Notice from Nasdaq
Greenwave Technology reported that the company received an additional delinquency notice from Nasdaq on May 21, which indicated that, as a result of the delay in the company's filing of its quarterly report on Form 10-Q for the period ended March 31 by the applicable due date, the company was not in compliance with Nasdaq Listing Rule 5250, which requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC. The additional delinquency could serve as an additional basis for the delisting of the company's securities from Nasdaq.
Greenwave Technology Receives Nasdaq Compliance Notice
Greenwave Technology Solutions reported that the company received a notice from the Listing Qualifications Department of the Nasdaq Stock Market on April 20, which indicated that because the company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission by the applicable due date, the company was not in compliance with Nasdaq Listing Rule 5250(c)(1). The staff informed the company that it has 60 calendar days to submit a plan to regain compliance with the rule. If the staff accepts the company's plan to regain compliance, then it may grant the company an exception of up to 180 calendar days from the 2025 Form 10-K's due date, or until October 12, 2026, to regain compliance. Neither the notice nor the company's non-compliance with the rule has an immediate effect on the listing or trading of the company's securities on Nasdaq..
Greenwave Technology Appoints Chelsea Pullano as CFO
Greenwave Technology announced that the board of directors of the company appointed Chelsea Pullano as CFO of the company, effective February 5. As CFO, Pullano will provide strategic financial oversight and executive-level support to the company, including review and certification of SEC filings, financial reporting coordination with auditors, legal counsel, and other outsourced accounting professionals, and other responsibilities customarily performed by a CFO of a public company. Since May 2023, she has served as a partner and chief executive officer of MACK.
Greenwave Technology to Request Nasdaq Hearing for Ongoing Listing Status
Greenwave Technology 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.
Greenwave Technology issued another delinquency notice by Nasdaq
Greenwave Technology reported that the company received an additional delinquency notice from Nasdaq on August 22, which indicated that, as a result of the delay in the Company's filing of its Quarterly Report on Form 10-Q for the period ended June 30 by the applicable due date, the company was not in compliance with Nasdaq Listing Rule 5250, which requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC. The additional delinquency could serve as an additional basis for the delisting of the company's securities from Nasdaq.
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