Greenlane Holdings posted $24.8M Q2 net loss, including $19.1M write-down on BERA holdings that collapsed 77% in value, triggering Nasdaq delisting risk.
Macro & Markets ·
Greenlane Holdings reported a $24.8M net loss in the second quarter, primarily driven by a $19.1M write-down on its BERA token holdings. The company's 81.3 million BERA tokens, which cost $70.2M to acquire, have depreciated to $16.4M, representing a 77% decline in value. This sharp markdown exposes Greenlane to compliance risks on major trading venues.
The magnitude of the loss relative to the company's balance sheet creates potential regulatory exposure. Nasdaq maintains listing standards tied to stockholders' equity and sustained profitability, and significant asset write-downs can trigger automatic delisting procedures if minimum requirements are breached.
What remains unclear is whether Greenlane's total equity position currently meets Nasdaq's minimum thresholds, the timeline for any delisting determination, and whether the company plans further BERA token sales or strategic pivots to address its liquidity position.