GWAV News & Events

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 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 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.

Greenwave Technology announced that its margins have expanded significantly due to surging prices for scrap steel - already up 20% since early February and expected to go higher - ahead of steel and aluminum import tariffs taking effect on March 12.