GWAV · Greenwave Technology Solutions, Inc.

This Nasdaq non-compliance notice represents a material regulatory event with direct implications for investor confidence, liquidity, and future access to capital markets. The failure to file the 2025 Form 10-K — a foundational disclosure containing audited financial statements, management discussion, risk factors, and governance details — signals potential internal control, operational, or audit readiness challenges. While Nasdaq has not initiated delisting proceedings and trading remains uninterrupted, the 60-day deadline to submit a credible compliance plan introduces near-term execution risk. If the plan is rejected or the Company misses the extended October 12, 2026 deadline, Nasdaq may initiate delisting procedures, which could trigger automatic index exclusions, broker-dealer restrictions, and loss of eligibility for certain institutional investors. The press release confirms Greenwave operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio through its wholly owned subsidiary Empire Services, Inc., but provides no explanation for the filing delay — heightening uncertainty around financial reporting capacity or underlying business performance. Forward-looking statements in both the 8-K and Exhibit 99.1 explicitly caution that there is no assurance the Company will meet Nasdaq requirements, underscoring the contingent nature of continued listing. Investors should closely monitor the upcoming submission of the compliance plan and any subsequent Nasdaq correspondence.