Greenlane Holdings, Inc. (GNLN): Nasdaq/NYSE listing notice — Greenlane receives Nasdaq delisting notice for low bid price; intends to appeal

Greenlane Holdings, Inc.

Received Nasdaq notice on April 2, 2025 for failure to maintain $1.00 minimum bid price for 30 consecutive business days.
Not eligible for 180-day compliance period due to reverse stock split within prior one-year period.
Delisting scheduled for April 11, 2025 unless appeal requested by April 9, 2025.
Company intends to appeal to a Nasdaq Hearings Panel, which would stay delisting pending decision.
No assurance that appeal will succeed or that shares will remain listed on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Greenlane Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iv)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)(iv)

Exact text from the filing

April 2, 2025, Greenlane Holdings, Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”) because for the previous 30 consecutive business days, the closing bid price of the Company’s common stock was below the $1.00 per share minimum required for listing on The Nasdaq Capital Market. The Notice also noted that normally the Company would be afforded a 180-calendar day period to demonstrate compliance, however pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-002808

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