Greenlane Holdings, Inc. announced a 1-for-8 reverse stock split of its Class A common stock, effective April 6, 2026, to improve investor perception and maintain Nasdaq compliance.
Key takeaways
Reverse stock split at 1-for-8 ratio effective 12:01 a.m. ET on April 6, 2026, with trading on adjusted basis starting market open.
Reduces issued and outstanding shares from approximately 5,039,563 to 629,945.
No change to authorized shares; fractional shares paid in cash based on April 2, 2026 closing price.
Stock continues trading as GNLN on Nasdaq Capital Market with new CUSIP 395330 608.
Approved by stockholders on March 25, 2026; board selected 1-for-8 ratio from 1-for-5 to 1-for-15 range.
Intended to enhance stock perception, broaden investor appeal, and comply with Nasdaq Listing Rule 5550(a)(2).