secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001743745-23-000052
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000052/0001743745-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000052/gnln-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001743745-23-000052

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