Greenlane Holdings, Inc. 8-K

What Happened

• Greenlane Holdings, Inc. (GNLN) disclosed that Nasdaq had earlier notified the company on March 25, 2026 that it was subject to delisting for failing to maintain a $1.00 minimum bid price under Nasdaq Listing Rule 5550(a)(2). The company requested a hearing, which temporarily stayed any suspension of trading.
• On April 21, 2026 Nasdaq notified Greenlane that it has regained compliance with the minimum bid price requirement, the scheduled May 5, 2026 hearing was cancelled, and the company’s Class A common stock will remain listed and traded on the Nasdaq Capital Market.
• Also on April 21, 2026 certain holders affiliated with Greenlane’s board agreed to enter into lock-up agreements covering Strategic Advisor Warrants issued in connection with the company’s October 2025 PIPE financing; the lock-ups cover warrants to purchase 162,760 shares and restrict disposition of the warrants and underlying shares until April 23, 2027 (subject to exceptions). Press releases dated April 21 and April 27, 2026 were furnished with the filing.

Key Details

• Nasdaq notice date: March 25, 2026 (failure to meet $1.00 minimum bid for 30 consecutive business days under Rule 5550(a)(2)).
• Nasdaq compliance regained and notice to company: April 21, 2026; May 5, 2026 hearing cancelled.
• Lock-Up Agreements executed: April 21, 2026; cover warrants for an aggregate 162,760 shares.
• Lock-up period: until April 23, 2027 (Warrants had an initial exercise date of April 23, 2026); related to Strategic Advisory Agreement dated October 23, 2025.

Why It Matters

• Maintaining Nasdaq listing preserves the company’s market liquidity and access for retail investors; the delisting process was halted because Greenlane regained compliance with the minimum bid-price rule.
• The board-affiliated lock-ups restrict sale or transfer of warrants and the underlying shares totaling 162,760 shares for about one year, which limits immediate dilution or selling pressure from those specific securities (subject to the filing’s stated exceptions).
• These disclosures—Nasdaq compliance and advisor lock-ups—are material governance and capital-structure items investors use to assess near-term share availability and continued access to the Nasdaq market.