other material
confidence high
sentiment neutral
materiality 0.65
Greenlane announces 1-for-8 reverse stock split effective April 6, 2026
Greenlane Holdings, Inc.
- Reverse stock split at ratio 1-for-8 effective 12:01 a.m. ET on April 6, 2026.
- Outstanding shares to reduce from ~5,039,563 to ~629,945.
- No fractional shares; cash payment in lieu based on April 2 closing price.
- Approved by stockholders at special meeting March 25, 2026; board set ratio same day.
- Intended to maintain compliance with Nasdaq Listing Rule 5550(a)(2).