Greenlane Holdings, Inc. 8-K

What Happened Greenlane Holdings, Inc. filed a Certificate of Amendment to effect a 1-for-8 reverse stock split of its Class A common stock, effective 12:01 a.m. Eastern Time on April 6, 2026. The Board set the 1-for-8 ratio under authority previously approved by stockholders at a March 25, 2026 special meeting (authorized range 1-for-5 to 1-for-15). The split is intended to help the Company regain compliance with Nasdaq’s $1.00 minimum bid price requirement. The Common Stock began trading on a split-adjusted basis on Nasdaq at the open on April 6, 2026; the trading symbol remains GNLN and the new CUSIP is 395330 608.

Key Details

• Reverse split ratio: 1-for-8; every eight pre-split shares become one post-split share.
• Effective date/time: 12:01 a.m. ET, April 6, 2026; adjusted trading began at market open April 6.
• Fractional shares: No fractional shares will be issued; holders entitled to fractions will receive cash based on the Nasdaq closing price on April 2, 2026 (the trading day before the effective date).
• Derivatives and plans: Outstanding warrants, pre-funded warrants, stock options, and shares available under equity incentive plans will be proportionally adjusted (including exercise prices).

Why It Matters The reverse split reduces the number of outstanding shares and adjusts related securities, with the primary aim of restoring Nasdaq listing compliance by raising the per-share price. It does not change par value or proportionate voting rights and should not materially change any holder’s percentage ownership except for minor effects from elimination of fractional shares. Holders who hold shares in brokerage ("street name") do not need to take action—their accounts will be adjusted automatically—while record holders will receive information and any cash-in-lieu payments from Equiniti Trust Company, LLC.