secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001743745-23-000062
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenlane receives Nasdaq deficiency notice for bid price below $1.00
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- Nasdaq notified Greenlane on Aug 21, 2023, that its Class A common stock bid price was below $1.00 for 30 consecutive business days.
- Company has until Feb 20, 2024 to regain compliance under Nasdaq Listing Rule 5450(a)(1).
- Compliance can be achieved by closing at $1.00 or more for 10 consecutive business days or by implementing a reverse stock split.
- If not compliant by Feb 20, 2024, Greenlane may seek a second 180-day period if it meets other listing standards for The Nasdaq Capital Market.
- Company states it will monitor bid price and evaluate available options to cure the deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000062/0001743745-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000062/gnln-20230821.htm
  HTML page:      https://secwatch.observer/filing/0001743745-23-000062

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