Greenlane Holdings announces 1-for-11 reverse stock split effective Aug 5, 2024

Greenlane Holdings, Inc.

Shareholders approved reverse split at July 29 special meeting: 1,837,144 for, 1,163,604 against, 25,734 abstain.
Board set ratio at 1-for-11; effective 12:01 AM ET on Aug 5, 2024, before Nasdaq open.
Reverse split reduces shares from ~5.8M to ~0.5M; all fractional shares rounded up to whole share.
Purpose is to regain Nasdaq minimum bid price compliance; CUSIP changes to 395330400.
Outstanding options, warrants, and equity plan shares will be adjusted proportionally.

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