Greenlane Holdings, Inc. Announces 1-for-8 Reverse Stock Split and Key Corporate Actions

Key Highlights for Investors

• Reverse Stock Split: Greenlane Holdings, Inc. (“the Company”) has approved and filed a 1-for-8 reverse stock split of its Class A common stock, effective April 6, 2026.
• Amendment to Certificate of Incorporation: The Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware on April 2, 2026, reflecting this reverse split.
• Trading Information: The Company’s Class A Common Stock, \$0.01 par value per share, continues to trade on the Nasdaq Capital Market under the symbol “GNLN”.
• Impact on Shareholders: The reverse split will proportionally reduce the number of shares outstanding and available for issuance, including under equity incentive plans. Fractional shares will be addressed as per the Company’s procedures.
• Not an Emerging Growth Company: Greenlane Holdings, Inc. is not considered an emerging growth company as defined under SEC rules.

Detailed Report

On April 2, 2026, Greenlane Holdings, Inc., a leading player in the wholesale-durable goods sector, announced a significant corporate action that is expected to directly impact shareholders and the Company’s stock price. The Board of Directors approved, and the Company filed, a Certificate of Amendment to its Amended and Restated Certificate of Incorporation—a key step to effect a 1-for-8 reverse stock split of all outstanding shares of its Class A common stock.

The reverse stock split will become effective as of April 6, 2026. Upon effectiveness, every 8 shares of Greenlane’s Class A common stock issued and outstanding will automatically convert into 1 share of Class A common stock. The par value of the shares remains unchanged at \$0.01 per share.

Why is this important for shareholders?

• Share Price Adjustment: A reverse stock split typically aims to increase the per-share trading price of the Company’s stock. This can have a material impact on investor holdings and the Company’s compliance with Nasdaq listing requirements.
• Reduced Share Count: The total number of outstanding shares will be reduced by a factor of 8, potentially resulting in higher earnings per share (EPS) metrics, and could impact institutional investor interest, index inclusion, and stock liquidity.
• Fractional Shares: Shareholders who would otherwise be entitled to receive fractional shares as a result of the reverse split will have their shares rounded in accordance with Company policy. This could result in some shareholders receiving cash in lieu of fractional shares.
• Equity Incentive Plans: The number of shares available for issuance under Greenlane’s equity incentive plans will be proportionately adjusted to reflect the reverse stock split, meaning fewer shares will be subject to such plans.
• No Change to Nasdaq Listing: The Company’s Class A Common Stock will continue to trade on the Nasdaq Capital Market under the existing ticker symbol “GNLN”.

This action is part of the Company’s strategy to maintain its Nasdaq listing status and may be a response to prior share price declines, as companies facing delisting for low share price often use reverse splits to boost the trading price above required thresholds.

Amendment Details: The Amended and Restated Certificate of Incorporation is updated to reflect the new share structure. The total number of authorized shares remains unchanged, but the outstanding and available shares are proportionally reduced.

Regulatory Filings: This action was disclosed in a timely manner via a Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC). The text of the Certificate of Amendment is included as Exhibit 3.1 to the filing and is incorporated by reference.

Additional Information: The Company is not an emerging growth company, as indicated in the filing. There are no written communications, soliciting materials, or pre-commencement tender offers associated with this filing.

Potential Share Price Impact

This reverse stock split is a price-sensitive event and could significantly affect the Company’s share value in the near term. Investors should monitor post-split trading activity, possible changes in liquidity, and any further communications from the Company regarding capital structure or business strategy.

Disclaimer

The above article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making investment decisions. The information is based on the official SEC filings of Greenlane Holdings, Inc. as of the date specified. The Company may make further announcements that could impact the information provided herein.

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