4/5Greenwave Technology Solutions, Inc. (GWAV): Going-concern doubt

Market data

Price before filing: $2.49 (2026-07-28 close, split/dividend-adjusted)
Market cap at flag: $2.5M (2026-07-29) · Latest: $2.1M (2026-10-16)

What happened next

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider bought 2,152,853 shares (1 purchase)

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-04-30 to 2026-08-28. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"NOTE 2 – GOING CONCERN AND MANAGEMENT'S LIQUIDITY PLANS As of March 31, 2026, the Company had cash of $ 1,462,876 and a working capital deficit (current liabilities in excess of current assets) of $ ( 17,967,325 ) . The accumulated deficit as of March 31, 2026 was $ ( 522,414,972 ) . For the three months ended March 31, 2026, the Company had a loss from operations of $ 1,073,268 . These conditions raise substantial..."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2026-03-31)

Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q)