Greenwave Technology Solutions Inc. (NASDAQ: GWAV) received a non-compliance notice from Nasdaq on April 20, 2026, for failing to file its annual report for the year ended December 31, 2025, by the required deadline.

The metal recycling company did not meet Nasdaq Listing Rule 5250(c)(1), which requires listed companies to file periodic financial reports with the Securities and Exchange Commission on time. Nasdaq's Listing Qualifications Department has given Greenwave 60 calendar days to submit a compliance plan.

If Nasdaq accepts the company's plan, it may grant an exception of up to 180 calendar days from the original due date, extending the deadline to October 12, 2026. The notice does not immediately affect the listing or trading of Greenwave's securities, which continue to trade on The Nasdaq Capital Market under the symbol "GWAV."

Greenwave operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio through its subsidiary Empire Services Inc. The company processes ferrous and nonferrous scrap metal and serves customers including large corporations, industrial manufacturers, retail customers, and government organizations.

The company stated it continues working to complete and file the 2025 Form 10-K with the SEC to regain compliance as soon as possible.