other material
confidence high
sentiment neutral
materiality 0.60
Greenlane shareholders approve reverse stock split; ratio range 1:5 to 1:15
Greenlane Holdings, Inc.
- Shareholders approved reverse stock split of Common Stock at ratio from 1:5 to 1:15, as determined by Board.
- Reverse split authorized with 1,878,157 For, 194,308 Against, 2,133 Abstain; 41.2% of shares represented.
- Board may select final ratio within range anytime on or before April 30, 2026, without further approval.
- Adjournment proposal was unnecessary because sufficient votes were obtained for the reverse split.