Greenlane Holdings closes $25M private placement; net proceeds ~$10.9M after fees and debt repayment

Greenlane Holdings, Inc.

Closed $25M private placement of 21M common units at $1.19/unit, including warrants exercisable after shareholder approval.
Net proceeds ~$10.9M after placement agent fees (12% of gross), loan repayments, and $2.5M escrow for post-closing obligations.
Exchanged existing warrants with holders for ~6.1M new Series B warrants with exercise price $2.975, exercisable for 2.5 years.
Record date of Feb 21 for special meeting to approve warrant exercises; Aegis Capital acted as placement agent.

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