Greenwave Technology Solutions Receives Additional Nasdaq Delinquency Notice

Greenwave Technology Solutions Inc. (NASDAQ: GWAV) has received an additional delinquency notice from Nasdaq following the delayed filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2025. The notice serves as a potential basis for delisting, though the company confirmed its securities will continue trading on The Nasdaq Capital Market under the ticker "GWAV" while it works to resolve the compliance issues.

The Virginia-based metal recycling operator stated it is working diligently to complete and file its delayed reports with the SEC as soon as practicable. Greenwave plans to provide Nasdaq with an updated compliance plan by September 8, 2025, demonstrating its commitment to addressing the regulatory requirements. The company operates 13 metal recycling facilities through its wholly owned subsidiary Empire Services, Inc., serving Virginia, North Carolina, and Ohio markets.

Greenwave's recycling facilities collect, classify, and process both ferrous and nonferrous scrap metal while implementing several unique technologies to increase processing volumes and operating efficiencies. The company utilizes a downstream recovery system and cloud-based ERP system to optimize its operations. Steel recycling represents a critical environmental initiative, as steel remains one of the world's most recycled products with the ability to be re-melted and re-cast numerous times.

The environmental benefits of metal recycling include reduced energy consumption, lower CO2 emissions, decreased waste production, and conservation of natural resources. Greenwave serves a diverse customer base that includes large corporations, industrial manufacturers, retail customers, and government organizations. The company has announced plans to aggressively expand its footprint by acquiring independent, profitable scrap yards in the coming months, indicating continued growth ambitions despite current regulatory challenges.

For additional information about the company's operations and services, investors can visit https://www.GWAV.com. The latest news and updates relating to the company are available through its newsroom at https://ibn.fm/GWAV.