Greenlane Holdings, Inc. effected a 1-for-8 reverse stock split of its Class A common stock on April 6, 2026, to regain compliance with Nasdaq's minimum bid price requirement.
Key takeaways
The company filed a Certificate of Amendment to effect a 1-for-8 reverse stock split of its Class A common stock, effective April 6, 2026.
The reverse stock split was approved by stockholders on March 25, 2026, authorizing the Board to select a ratio between 1-for-5 and 1-for-15.
No fractional shares will be issued; cash payments will be made in lieu based on the closing price on April 2, 2026.
The action is intended to regain compliance with the Nasdaq Capital Market's minimum $1.00 per share bid price requirement.
The reverse stock split applies proportionally to outstanding warrants, pre-funded warrants, stock options, and shares under equity incentive plans.
The company's trading symbol remains 'GNLN' and the new CUSIP number is 395330 608.