regulatory
confidence high
sentiment negative
materiality 0.75
Greenlane granted Nasdaq extension until June 16 to regain bid price compliance via reverse split
Greenlane Holdings, Inc.
- Nasdaq Hearings Panel grants continued listing subject to shareholder approval of reverse split by June 16, 2025.
- Company must effect reverse split and achieve $1.00 closing bid by June 27, 2025.
- Must maintain $1.00 closing bid for 10 consecutive business days by July 11, 2025.
- Panel did not uphold the public interest determination regarding Series B warrants.