Greenlane Holdings, Inc. Announces 1-for-8 Reverse Stock Split

About this update from Greenlane Holdings, Inc.

BOCA RATON, Fla., April 01, 2026 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq: GNLN), a company with a Berachain-focused Digital Asset Treasury (“DAT”), today announced that it will effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-8, to be effective as of 12:01 a.m. Eastern Time on April 6, 2026. Greenlane’s common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on April 6, 2026. Following the reverse stock split, Greenlane’s common stock will continue to trade on The Nasdaq Capital Market under the symbol “GNLN” with the new CUSIP number, 395330 608. The reverse stock split is intended to improve perception of the Company’s common stock as an investment security, appeal to a broader range of investors, and maintain compliance with Nasdaq Listing Rule 5550(a)(2). The reverse stock split will not change the authorized number of shares of Greenlane’s common stock. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to receive a fractional share in connection with the reverse stock split will instead receive a cash payment in lieu thereof equal to such fraction multiplied by the closing sales price of Greenlane’s common stock as reported on The Nasdaq Capital Market on April 2, 2026. In addition, the reverse stock split will apply to Greenlane’s common stock issuable (or deemed issuable, as applicable) upon the exercise or conversion, as applicable, of certain of Greenlane’s outstanding warrants and stock options, with proportionate adjustments to be made to the exercise and conversion prices thereof, in each case in accordance with the respective terms of such warrants and stock options (and the applicable equity incentive plans). The reverse stock split will reduce the number of issued and outstanding shares of Greenlane’s common stock from approximately 5,039,563 to approximately 629,945. At Greenlane’s special meeting of stockholders held on March 25, 2026, Greenlane’s stockholders approved the reverse stock split in connection with Greenlane’s common stock and gave Greenlane’s board of directors discretionary authority to select a ratio for the reverse stock split ranging from 1-for-5 shares to 1-for-15 shares. Greenlane’s board of directors approved th...

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