(MENAFN- Investor Brand Network) Greenwave Technology Solutions (NASDAQ: GWAV) received a Nasdaq Staff Determination Letter on Nov. 18, 2025, citing non-compliance with Listing Rule 5250(c)(1) due to the Company's failure to timely file its Forms 10-Q for the periods ended March 31, June 30 and Sept. 30, 2025. Greenwave filed the March quarter on Nov. 19 and is working to complete the remaining two. The letter notes that trading could be suspended on Nov. 28 unless the Company appeals by Nov. 25, a step Greenwave intends to take, which would automatically stay any suspension while a Nasdaq Hearings Panel reviews the matter.

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About Greenwave

Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc., is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company's recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system.

Steel is one of the world's most recycled products with the ability to be re-melted and re-cast numerous times. Recycling steel provides key environmental benefits over virgin metals, including reduced energy use, lower CO2 emissions, lower waste, and conserving natural resources. The Company's customers include large corporations, industrial manufacturers, retail customers, and government organizations. The Company plans to aggressively expand its footprint of locations by acquiring independent, profitable scrap yards in the coming months. For more information, please visit .

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