secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031706
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenlane Holdings issues $3.24M convertible note to Cobra Alternative Strategies
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- Principal $3,237,269; 20% original issue discount; maturity Feb 5, 2025 or upon $3.5M qualified offering.
- Note convertible into common stock after maturity at 30% discount to 20-day VWAP; 4.99% beneficial ownership cap.
- Company also issued warrants for 1,618,635 shares at the qualified offering price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000149315224031706/0001493152-24-031706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000149315224031706/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031706

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