Greenlane raises $25M in equity/warrant private placement at $1.19/unit; exchanges 6.1M warrants

Greenlane Holdings, Inc.

$25M gross proceeds from sale of common units (1 share + 2 warrants) at $1.19/unit to institutional investors.
Units include Series A warrant (exercise $1.4875, 5yr term) and Series B warrant (exercise $2.975, 2.5yr term), exercisable after stockholder approval.
Entered exchange agreement with holders of Aug/Oct 2024 warrants for ~6.1M new Series B-style warrants.
Expected closing Feb 19, 2025; proceeds for debt repayment, working capital, general corporate purposes.
Aegis Capital Corp. acting as exclusive placement agent.

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