Greenlane Holdings, Inc. (GNLN): Nasdaq/NYSE listing notice — Greenlane receives Nasdaq deficiency notice for market value of publicly held shares below $5M

Greenlane Holdings, Inc.

Nasdaq letter dated Aug 3, 2023: non-compliance with Rule 5450(b)(1)(C) because market value of publicly held shares fell below $5M for 30 consecutive business days.
180-day grace period to regain compliance, ending Jan 30, 2024; requires $5M minimum for 10 consecutive business days.
If not compliant, Nasdaq may delist shares; company can appeal or apply to transfer to Nasdaq Capital Market.
Company is evaluating all available options to resolve the deficiency.

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 market value (rules 5450(b)(1)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(1)(C), 5810(c)(3)(D)

Exact text from the filing

August 3, 2023, Greenlane Holdings, Inc. (the “Company”) received a letter from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it no longer is in compliance with Nasdaq Listing Rule 5450(b)(1)(C) because the market value of the Company’s publicly held shares of Class A common stock, par value $0.01 per share (the “Class A common stock”), has fallen below the $5.0 million minimum required for continued listing on the Nasdaq Global Market for a period of at least 30 consecutive business days. Nasdaq calculates publicly held share

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-23-000052

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