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FAQ: Greenwave Technology Solutions Nasdaq Compliance Issue and Company Background
TL;DR
Greenwave's Nasdaq compliance issues present a potential buying opportunity for investors who believe the company can resolve its filing delays and maintain listing status.
Greenwave Technology Solutions failed to timely file three quarterly reports, received a Nasdaq determination letter, and plans to appeal to prevent trading suspension.
Greenwave's metal recycling operations conserve natural resources and reduce CO2 emissions by processing scrap metal across 13 facilities in three states.
Steel is one of the world's most recycled materials, capable of being remelted and recast numerous times while providing environmental benefits.
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Greenwave received a Nasdaq Staff Determination Letter citing non-compliance with Listing Rule 5250(c)(1) due to failure to timely file its Forms 10-Q for the quarters ended March 31, June 30, and September 30, 2025.
The company received the Nasdaq Staff Determination Letter on November 18, 2025.
Trading of Greenwave's stock could be suspended on November 28, 2025, unless the company appeals by November 25, 2025.
Greenwave filed the March quarter report on November 19, is working to complete the remaining two quarterly filings, and intends to appeal the determination, which would automatically stay any suspension while a Nasdaq Hearings Panel reviews the matter.
Greenwave operates 13 metal recycling facilities in Virginia, North Carolina, and Ohio through its subsidiary Empire Services, collecting, classifying, and processing raw scrap metal using unique technologies to increase processing volumes and operating efficiencies.
Recycling steel provides reduced energy use, lower CO2 emissions, lower waste, and conservation of natural resources compared to using virgin metals.
Investors can visit the company's website at www.GWAV.com or access the latest news and updates in the company's newsroom at https://ibn.fm/GWAV.
The company plans to aggressively expand its footprint by acquiring independent, profitable scrap yards in the coming months.
The company's customers include large corporations, industrial manufacturers, retail customers, and government organizations.
If Greenwave appeals by November 25, 2025, it would automatically stay any trading suspension while a Nasdaq Hearings Panel reviews the matter.
Curated from InvestorBrandNetwork (IBN)
