Bond.az – Greenwave Technology Solutions Inc (NASDAQ:GWAV) shares fell 2.9% in after-hours trading Wednesday after the company disclosed it received a second delinquency notice from Nasdaq regarding delayed financial filings.
The metal recycling operator received the notice on May 21 from the Nasdaq Listing Qualifications Department, indicating the company failed to file its quarterly report on Form 10-Q for the period ended March 31, 2026 by the deadline. This violation of Nasdaq Listing Rule 5250(c)(1) could serve as an additional basis for delisting the company’s securities.
This follows an earlier notice on April 22 regarding the failure to file its annual report for fiscal year 2025. Nasdaq has given the company until June 22 to submit a compliance plan. If approved, Nasdaq may grant an exception of up to 180 days from the annual report’s due date, or until October 12, to regain compliance.
The company said it plans to submit its compliance plan by the June 22 deadline. Greenwave stated it continues working to complete and file both delinquent reports with the SEC. The delinquency notices do not immediately affect the listing or trading of Greenwave’s securities on Nasdaq.
Greenwave operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio through its subsidiary Empire Services, Inc. The facilities collect, classify, and process ferrous and nonferrous scrap metal.
