Greenwave Technology Solutions Faces Delisting Concerns
Ticker: GWAV · Form: 8-K · Filed: Apr 4, 2024 · CIK: 1589149
Sentiment: bearish
Topics: delisting, listing-rules, compliance
Related Tickers: GWAV
TL;DR
Greenwave (GWAV) might get delisted, filing an 8-K about listing rule issues.
AI Summary
Greenwave Technology Solutions, Inc. filed an 8-K on April 4, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company, formerly known as MassRoots, Inc., is incorporated in Delaware and has its principal executive offices in Chesapeake, VA.
Why It Matters
This filing indicates potential issues with Greenwave Technology Solutions' compliance with stock exchange listing requirements, which could lead to its shares being delisted.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading status and investor confidence.
Key Numbers
- 001-41452 — SEC File Number (Identifies the company's filing with the SEC.)
- 46-2612944 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Greenwave Technology Solutions, Inc. (company) — Registrant
- MassRoots, Inc. (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- Chesapeake, VA (location) — Principal Executive Offices
- April 2, 2024 (date) — Date of earliest event reported
- April 4, 2024 (date) — Filing date
FAQ
What specific listing rule has Greenwave Technology Solutions failed to satisfy?
The filing does not specify the exact listing rule that has not been satisfied, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the potential consequence of failing to satisfy a continued listing rule?
The consequence is a potential delisting of the company's securities from the stock exchange.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on April 2, 2024.
What was Greenwave Technology Solutions' former name?
Greenwave Technology Solutions, Inc. was formerly known as MassRoots, Inc.
Where are Greenwave Technology Solutions' principal executive offices located?
The principal executive offices are located at 4016 Raintree Road, Suite 300, Chesapeake, VA 23321.
Filing Stats: 1,145 words · 5 min read · ~4 pages · Grade level 14.2 · Accepted 2024-04-04 08:08:30
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value GWAV NASDAQ Capital Mark
- $2,500,000 — NASDAQ maintain either (i) a minimum of $2,500,000 in stockholders' equity, (ii) a market
- $35,000,000 — value of listed securities of at least $35,000,000 or (iii) net income from continuing ope
- $500,000 — from continuing operations of at least $500,000 in the most recently completed fiscal y
- $1.00 — s common stock closed below the minimum $1.00 per share requirement for continued lis
Filing Documents
- form8-k.htm (8-K) — 42KB
- ex99-1.htm (EX-99.1) — 12KB
- 0001493152-24-013113.txt ( ) — 228KB
- gwav-20240402.xsd (EX-101.SCH) — 3KB
- gwav-20240402_lab.xml (EX-101.LAB) — 33KB
- gwav-20240402_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release, dated April 4, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 4, 2024 Greenwave Technology Solutions, Inc. By: /s/ Danny Meeks Name: Danny Meeks Title: Chief Executive Officer 3