Greenlane Holdings, Inc. - Form 8-K Filing

Greenlane Holdings, Inc. has filed a Form 8-K to report a material modification to the rights of security holders. Effective April 6, 2026, the company implemented a 1-for-8 reverse stock split of its Class A common stock. This action was taken to regain compliance with the Nasdaq Capital Market's minimum bid price requirement of $1.00 per share. The reverse stock split will combine every eight shares of pre-split stock into one post-split share. Fractional shares will be settled in cash, based on the closing price on April 2, 2026. The company's trading symbol "GNLN" will remain the same. This adjustment also applies to outstanding warrants, pre-funded warrants, stock options, and shares available under equity incentive plans, with proportionate adjustments to exercise prices and share availability.