Greenlane Holdings, Inc. Announces 1-for-8 Reverse Stock Split to Improve Nasdaq Compliance and Investment Appeal

Key Highlights for Investors

• Reverse Stock Split: Greenlane Holdings, Inc. (Nasdaq: GNLN) will implement a 1-for-8 reverse stock split, effective at 12:01 a.m. Eastern Time on April 6, 2026. This means that every eight shares of Greenlane common stock will be consolidated into one share.
• Trading Impact: Greenlane’s common stock will begin trading on a reverse split-adjusted basis at the market opening on April 6, 2026. The stock will continue to trade under the symbol “GNLN,” but with a new CUSIP number: 395330 608.
• Purpose: The reverse stock split is intended to enhance the perception of Greenlane’s stock as an investment, attract a broader range of investors, and maintain compliance with Nasdaq Listing Rule 5550(a)(2), which relates to minimum bid price requirements.
• No Change to Authorized Shares: The reverse split will not alter the total authorized number of shares of Greenlane’s common stock.
• Handling Fractional Shares: Fractional shares will not be issued. Shareholders entitled to a fractional share will receive a cash payment based on the closing price of Greenlane stock on April 2, 2026.
• Adjustments to Warrants and Options: The reverse split will proportionately adjust the exercise and conversion prices of outstanding warrants and stock options, as well as the number of shares issuable under them, in accordance with their terms and relevant equity incentive plans.
• Reduction in Outstanding Shares: The number of issued and outstanding shares will decrease from approximately 5,039,563 to about 629,945.
• Shareholder Approval: The reverse split was approved by shareholders at a special meeting on March 25, 2026. The board was given discretion to select a ratio between 1-for-5 and 1-for-15 and chose 1-for-8.
• Procedural Notes: Equiniti Trust Company, LLC is the exchange and paying agent. Shareholders with book-entry or brokerage accounts do not need to take any action. Instructions will be provided to shareholders holding certificates for exchanging pre-split certificates for post-split ownership.
• Company Focus: Greenlane is now positioned as a digital asset treasury company with a strategic focus on BERA, the native asset of the Berachain blockchain. The company also maintains a reduced-scale wholesale and distribution business through an asset-light drop-ship model.

Potential Price-Sensitive Information for Shareholders

The reverse stock split is a significant corporate action that could have a direct impact on Greenlane’s share price and trading liquidity. Typically, reverse splits are executed to comply with exchange listing requirements or to improve the perceived value of shares by investors. In Greenlane’s case, the split is intended to help the company regain or remain in compliance with Nasdaq’s minimum bid price standards and to make the stock more attractive to institutional and retail investors.

The reduction in outstanding shares may increase the stock’s price per share, but it does not change the total market capitalization or actual value of shareholder holdings. Investors should note, however, that reverse splits can sometimes indicate financial challenges or efforts to avoid delisting, which may affect market sentiment.

The adjustment to warrants and stock options means that existing holders will see their rights adjusted proportionally, maintaining their economic interest post-split.

Greenlane’s continued strategic pivot toward digital assets and participation in the Berachain blockchain ecosystem is also noteworthy. The company’s treasury is now focused on BERA, positioning it in the growing blockchain and digital asset industry, while maintaining a smaller, asset-light distribution business.

Risks and Forward-Looking Statements

Greenlane has issued forward-looking statements regarding its ability to comply with Nasdaq’s listing standards. The company cautions that there are risks related to the unpredictability of trading markets, general economic conditions, its digital asset treasury strategy, participation in the Berachain ecosystem, capital allocation plans, validator and staking activities, and other risks detailed in its recent SEC filings. Shareholders are advised not to place undue reliance on these statements, as actual results may differ.

Contact Information

Investor Contact: [email protected] or PCG Advisory | Kevin McGrath | +1-646-418-7002

For more information about Greenlane, visit investor.gnln.com. For details on Berachain, visit berachain.com.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to purchase or sell any securities. All forward-looking statements are subject to risks and uncertainties as detailed in Greenlane’s SEC filings. Investors should conduct their own due diligence and consult with financial advisors before making any investment decisions.

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