Greenwave Technology Solutions Inc. (NASDAQ: GWAV) received an additional delinquency notice from Nasdaq on May 21 for failing to file its quarterly report for the period ended March 31, 2026, by the required deadline, according to a company statement.

The metal recycling company previously received a delinquency notification from Nasdaq on April 22 regarding its failure to file its annual report for fiscal year 2025. Both missed filings violate Nasdaq Listing Rule 5250(c)(1), which requires timely submission of periodic financial reports to the Securities and Exchange Commission.

Nasdaq has given Greenwave until June 22 to submit a compliance plan. If approved, the exchange may grant the company up to 180 days from the annual report's original due date, extending the deadline to October 12, to regain compliance.

The company's securities continue trading on The Nasdaq Capital Market under the symbol "GWAV" without immediate impact from the notices. The additional delinquency could provide another basis for potential delisting of the company's securities.

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

The company stated it continues working to complete and file both overdue reports with the SEC to regain compliance with listing requirements.