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Investing.com -- Greenwave Technology Solutions Inc (NASDAQ:GWAV) stock dropped 2.3% Wednesday premarket after the metal recycling operator received another delinquency notice from Nasdaq for failing to file required financial reports on time.
The company disclosed today that it received the additional notice on August 22, 2025, due to its delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2025. This non-compliance with Nasdaq Listing Rule 5250(c)(1) could serve as an additional basis for delisting Greenwave’s securities from the exchange.
This follows a previous delinquency notification received on May 30, 2025, regarding the company’s failure to file its first quarter 10-Q. While Nasdaq had approved Greenwave’s initial compliance plan, which included filing the Q1 report by August 22, 2025, the exchange has now requested an update to include plans for the Q2 filing. The company stated it will update Nasdaq with its plan by September 8, 2025.
Despite these compliance issues, Greenwave’s securities will continue trading on The Nasdaq Capital Market under the symbol "GWAV" for now. The company, which operates metal recycling facilities across Virginia, North Carolina, and Ohio, stated it is "working diligently" to complete and file the delayed reports as soon as possible.
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