secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001743745-23-000045
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenlane Holdings to effect 1-for-10 reverse stock split to meet Nasdaq minimum bid price
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- 1-for-10 reverse stock split effective June 5 after close; shares trade post-split on Nasdaq under GNLN starting June 6.
- Outstanding shares reduced from ~16.0M to ~1.6M; no fractional shares issued; fractional holders get cash based on pre-split average closing price.
- Stockholders at Annual Meeting on June 2 approved reverse split (range 1:5–1:15) and Third Amended 2019 Equity Incentive Plan increasing authorized shares by 2,098,627.
- Reverse split primarily intended to bring Greenlane into compliance with Nasdaq minimum $1.00 bid price requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000045/0001743745-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000045/gnln-20230602.htm
  HTML page:      https://secwatch.observer/filing/0001743745-23-000045

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