secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001104659-23-044570
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000110465923044570/0001104659-23-044570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000110465923044570/tm2312294d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-044570

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