Greenlane Holdings, Inc. 8-K

What Happened
Greenlane Holdings, Inc. (GNLN) filed an 8-K on March 30, 2026 reporting that Nasdaq's Listing Qualifications staff sent a Notification Letter saying the company no longer meets the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). Nasdaq determined the deficiency existed for the 30 consecutive business days from February 10, 2026 through March 24, 2026. The company says it will timely request a hearing with the Nasdaq Hearings Panel by April 1, 2026; that request will automatically stay any suspension or delisting while the Panel reviews the matter.

Key Details

• Nasdaq rule cited: Listing Rule 5550(a)(2) (minimum $1.00 bid) and Rule 5810(c)(3)(A) (30-consecutive-business-day test).
• Deficiency period: closing bid prices from Feb 10, 2026 through Mar 24, 2026.
• Reverse stock splits: 1-for-11 on Aug 5, 2024 and 1-for-750 on Jun 27, 2025 — cumulative ratio of 1-for-8,250 over the last two years, which made the company ineligible for the usual 180-calendar-day compliance period.
• Deadline and effect: Company must request a hearing by April 1, 2026 to avoid immediate delisting; during the appeal the Common Stock will continue to trade on Nasdaq.

Why It Matters
A delisting determination could remove Greenlane's shares from Nasdaq, reduce liquidity, and make it harder for investors to trade the stock. The company’s timely appeal preserves listing for now, but there is no assurance the Panel will grant continued listing or that Greenlane can regain and maintain compliance with Nasdaq’s bid-price requirement. The filing also contains standard forward-looking statement cautions about outcomes and future actions.