---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-044570"
form_type: "8-K"
ticker: "GNLN"
cik: "0001743745"
company_name: "Greenlane Holdings, Inc."
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:10:41.149901+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Greenlane lowers quorum to one-third and creates super-vote Series A Preferred for reverse split vote

## Summary
- Board reduced stockholder meeting quorum from majority to one-third of shares entitled to vote.
- Created 20,000 shares of Series A Preferred Stock with 1,000,000 votes per share, to be issued as a dividend to common holders.
- Series A Preferred votes only on reverse stock split and adjournment proposals; votes mirror common vote.
- Preferred non-transferable except with common; redeemed after vote for $0.10 per 10 shares if beneficial owner has at least 10 shares.
- Preferred has no dividend rights and a $0.0001 per share liquidation preference senior to common.

## SEC filing metadata
- accession: 0001104659-23-044570
- form_type: 8-K
- ticker: GNLN
- cik: 0001743745
- company_name: Greenlane Holdings, Inc.
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743745/000110465923044570/0001104659-23-044570-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743745/000110465923044570/tm2312294d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-044570
- JSON: https://secwatch.observer/filing/0001104659-23-044570.json
- Plain text: https://secwatch.observer/filing/0001104659-23-044570.txt

## Key facts
- Governance Changes
  Greenlane Holdings, Inc.: Lowered the quorum requirement for stockholder meetings from a majority to one-third of shares entitled to vote (effective 2023-04-11).
  - Change: bylaw amendment
  - Effective: 2023-04-11
  source text: The Amendment amends and restates Article I, Section 1.6 of the Company’s Bylaws in its entirety to lower the number of holders of the shares entitled to vote at a meeting of stockholders constituting a quorum, in person or by proxy, from a majority to one-third.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000110465923044570/0001104659-23-044570-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.