Greenlane Holdings regained Nasdaq compliance by meeting the $1.00 minimum bid price requirement, canceling its delisting hearing, while certain board-affiliated warrant holders entered lock-up agreements until April 2027.
Key takeaways
Company received Nasdaq notice on March 25, 2026, for failing minimum bid price under Rule 5550(a)(2), requested hearing that stayed trading suspension.
On April 21, 2026, Nasdaq confirmed compliance regained, canceling May 5 hearing; Common Stock continues trading on Nasdaq Capital Market.
Holders of Strategic Advisor Warrants for 162,760 Common Stock shares, affiliated with board, entered Lock-Up Agreements until April 23, 2027, with exceptions.
Berachain Investment Corporation to convert 33,085 Pre-Funded Warrants to stay under 4.99% ownership limit post-lock-up expiration.
Press releases issued April 21 and 27, 2026, announcing compliance and lock-ups (Exhibits 99.1, 99.2); form of Lock-Up filed as 99.3.