on Greenlane Holdings, Inc. (NASDAQ:GNLN)
Greenlane Announces Reverse Stock Split to Comply with Nasdaq Requirements
Greenlane Holdings, Inc. (NASDAQ: GNLN), a global provider of premium cannabis accessories and packaging, has announced a one-for-750 reverse stock split of its Class A common stock, effective June 26, 2025. The move aims to meet the minimum bid price requirement for continued listing on the Nasdaq.
The new CUSIP for the stock is 395330509. The decision, approved by Greenlane's board and shareholders, will affect all issued and outstanding shares and securities tied to Class A stock. The split significantly reduces outstanding shares from about 1.04 billion to 1.39 million. The company's equity interests remain unchanged.
No fractional shares will be issued. Stockholders will receive rounded-up shares to the nearest whole number. The change takes effect on June 27, 2025, under the same ticker, GNLN.
R. E.
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