Greenlane Holdings, Inc. (GNLN): Nasdaq/NYSE listing notice — Greenlane Holdings gets Nasdaq extension to Aug 19, 2024 to meet $1 bid price

Greenlane Holdings, Inc.

Nasdaq granted additional 180-day compliance period for Minimum Bid Price Requirement until August 19, 2024.
Company had transferred listing to Nasdaq Capital Market on Feb 9, 2024, which made it eligible for extension.
Greenlane may consider a reverse stock split to cure the deficiency; failure risks delisting.
If compliance not regained, Nasdaq will issue delisting notice; company may appeal to a hearings panel.
Extension letter received Feb 21, 2024; stock continues trading under GNLN on Nasdaq Capital Market.

item 3.01 item 9.01

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 extension granted notice regarding minimum bid price (rules 5450(a)(1)).

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

Exact text from the filing

February 21, 2024, Nasdaq notified the Company in writing (the “Extension Letter”) that while the Company had not regained compliance with the Minimum Bid Price Requirement, it was eligible for an additional 180-day compliance period, or until August 19, 2024, to regain compliance with the Minimum Bid Price Requirement. Nasdaq’s determination was based on the Company having met the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-24-000030

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