---
schema_version: "secwatch.filing_event.v1"
accession: "0001743745-23-000052"
form_type: "8-K"
ticker: "GNLN"
cik: "0001743745"
company_name: "Greenlane Holdings, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:10:40.469604+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greenlane receives Nasdaq deficiency notice for market value of publicly held shares below $5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001743745-23-000052
- form_type: 8-K
- ticker: GNLN
- cik: 0001743745
- company_name: Greenlane Holdings, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000052/0001743745-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000052/gnln-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001743745-23-000052
- JSON: https://secwatch.observer/filing/0001743745-23-000052.json
- Plain text: https://secwatch.observer/filing/0001743745-23-000052.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000174374523000052/0001743745-23-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.