Greenwave Technology Solutions Regains Compliance with Nasdaq Market Value of Listed Securities Requirement
Nasdaq Grants Company 180 Day Extension to Regain Compliance with $1.00 Minimum Bid Price Requirement
CHESAPEAKE, Va., April 4, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced that it has received a formal notice from the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the market value of listed securities requirement under Nasdaq Listing Rule 5550(b)(2) for continued listing on the Nasdaq Capital Market. However, if the Company fails to evidence compliance upon filing its next periodic report, it may be subject to delisting.