Greenwave Technology has received a formal notice from Nasdaq informing the company that it has regained compliance with the market value of listed securities requirement under Nasdaq Listing Rules for continued listing on Nasdaq. However, if the company fails to evidence compliance upon filing its next periodic report, it may be subject to delisting. Further, Nasdaq provided the company an additional 180 calendar days, or until September 30, 2024, to regain compliance with the $1.00 minimum bid price requirement for continued listing. If the company does not regain compliance by September 30, 2024, Nasdaq would notify the company that its securities would be subject to delisting.
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