Greenlane Holdings, Inc. (GNLN): Nasdaq/NYSE listing notice — Greenlane Holdings transfers to Nasdaq Capital Market; faces bid price cure deadline Aug 2024

Greenlane Holdings, Inc.

Nasdaq approved transfer from Global Market to Capital Market effective Feb 9, 2024; symbol GNLN unchanged.
Previously failed $5M public float and $1.00 minimum bid price listing requirements.
Transfer eliminates public float test; company has until Aug 18, 2024 to regain $1.00 bid compliance.
Must maintain $1.00 closing bid for at least 10 consecutive business days during cure period to avoid delisting.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Greenlane Holdings, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5450(b)(1)(C), 5450(a)(1)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5450(b)(1)(C), 5450(a)(1)

Exact text from the filing

August 21, 2023, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price per share for the Company’s Class A common stock had closed below $1.00 for the previous 30 consecutive business days (the “Minimum Bid Price Requirement”). In response, the Company filed an application to transfer the listing of its Class A common stock from the Nasdaq Global Market to the Nasdaq Capital Market. As a result of the Approval, the Market Value Requirement is no longer applicable to the Company, and the Comp

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-24-000027

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