Greenlane Holdings, Inc. (GNLN): Nasdaq/NYSE listing notice — Greenlane Holdings receives Nasdaq deficiency notice for bid price below $1.00

Greenlane Holdings, Inc.

Closing bid price of Class A common stock below $1.00 for 30 consecutive business days.
Company has 180 calendar days (until June 12, 2023) to regain compliance.
Options include reverse stock split, to be completed 10 business days before deadline.
If not compliant by June 12, may qualify for second 180-day period on Nasdaq Capital Market.
Stock continues trading under GNLN on Nasdaq Global Market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Greenlane Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

December 13, 2022, Greenlane Holdings, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.01 per share (the “Class A Common Stock”) had been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). The Nasdaq deficiency letter has no immediate effec

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-22-000100

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