Home / Going-concern warnings / Greenwave Technology Solutions, Inc.
Filed 2025-04-15 路 Form 10-K 路 Accession 0001641172-25-004803 nano
Price before filing: $25.03 (2025-04-14 close, split/dividend-adjusted)
Market cap at flag: $12.7M (2025-04-15) 路 Latest: $2.1M (2026-10-16)
| Window | GWAV | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -11.7% | +9.5% | -21.2% | 2025-05-15 |
| 90 days | -6.9% | +16.2% | -23.2% | 2025-07-14 |
| 180 days | -66.0% | +23.7% | -89.7% | 2025-10-13 |
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.
90 days before the flag: 1 insider sold $25K (1 sale)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-28 | ADELMAN JASON T Director | Sale | 100,000 | $0.25 | $25K | no | Form 4 |
| 2025-04-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-15 to 2025-05-15. 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.
"As discussed in Note 2 to the accompanying consolidated financial statements, the Company has net loss, has generated negative cash flows from operating activities, has an accumulated deficit and has stated that substantial doubt exists about Company's ability to continue as a going concern."
Quoted from the filing. Source
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.
Going-concern opinion issued by: RBSM LLP
Source: independent auditor report in Form 10-K (period 2024-12-31)
Why this score: in auditor's report; also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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