secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001493152-24-029793
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000149315224029793/0001493152-24-029793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000149315224029793/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-029793

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer