---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-077547"
form_type: "8-K"
ticker: "GNLN"
cik: "0001743745"
company_name: "Greenlane Holdings, Inc."
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:20:49.896647+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Greenlane Holdings closes $4.3M public offering of units with warrants

## Summary
- Closed offering of 4,047,619 units at $1.05/unit, each consisting of one share (or prefunded warrant) and two common warrants.
- Gross proceeds of $4.3M; net proceeds ~$3.8M after placement agent fees and expenses.
- Common warrants exercisable at $1.05 per share for five years; prefunded warrants at $0.0001 with no expiration.
- Amended existing warrants covering 1,674,567 shares, reducing exercise price from $50/$9 to $1.05.
- Proceeds to be used for debt servicing, working capital, product development, and capex.

## SEC filing metadata
- accession: 0001104659-23-077547
- form_type: 8-K
- ticker: GNLN
- cik: 0001743745
- company_name: Greenlane Holdings, Inc.
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743745/000110465923077547/0001104659-23-077547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743745/000110465923077547/tm2320389d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-077547
- JSON: https://secwatch.observer/filing/0001104659-23-077547.json
- Plain text: https://secwatch.observer/filing/0001104659-23-077547.txt

## Key facts
- Material Agreements
  Greenlane Holdings, Inc. entered into Purchase Agreements with certain investors (effective 2023-06-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors
  - Effective: 2023-06-29
  source text: On June 29, 2023, Greenlane Holdings, Inc. (the “Company”) entered into securities purchase agreements (each a “Purchase Agreement” and, together, the “Purchase Agreements”) with certain investors, pursuant to which the Company agreed to issue and sell an aggregate of 560,476 shares of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”), pre-funded warrants to purchase 3,487,143 shares of Common Stock (the “Pre-Funded Warrants”) and warrants to purchase 8,095,238 shares of Common Stock (the “Standard Warrants”), in a public offering (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000110465923077547/0001104659-23-077547-index.htm
- Material Agreements
  Greenlane Holdings, Inc. amended Warrant Amendments with holders participating in the Offering (effective 2023-06-29).
  - Action: amendment
  - Counterparty: holders participating in the Offering
  - Effective: 2023-06-29
  source text: On June 29, 2023 and in connection with the Offering, the Company entered into privately negotiated agreements (the “Warrant Amendments”) with holders participating in the Offering to amend existing outstanding warrants to purchase up to 1,674,567 shares of Common Stock that were previously issued in June 2022 and November 2022 at exercise prices per share of $50.00 and $9.00, respectively, and expire on December 29, 2027 and November 1, 2029, respectively (collectively, the “Prior Warrants”), effective upon the closing of the Offering to reduce the exercise price of the Prior Warrants to $1.05, the exercise price of the Standard Warrants.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000110465923077547/0001104659-23-077547-index.htm
- Material Agreements
  Greenlane Holdings, Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners valued at 7.0% of the aggregate gross proceeds raised in the Offering (effective 2023-06-29).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: A.G.P./Alliance Global Partners
  - Value: 7.0% of the aggregate gross proceeds raised in the Offering
  - Effective: 2023-06-29
  source text: The Company agreed to pay A.G.P. an aggregate cash fee equal to 7.0% of the aggregate gross proceeds raised in the Offering pursuant to a Placement Agency Agreement entered into by the Company and A.G.P. on June 29, 2023 (the “Placement Agency Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743745/000110465923077547/0001104659-23-077547-index.htm

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