IPO - Greenlane Holdings, Inc.

Form Type: S-1/A

Filing Date: 2025-04-17

Corporate Action: Ipo

Type: Update

Accession Number: 000164117225005295

Filing Summary: This document is an amendment to Greenlane Holdings, Inc.'s S-1 registration statement under the Securities Act of 1933 filed with the SEC. It details the proposed offering and resale of up to 1,169,711,239 shares of common stock by selling stockholders, including shares issuable upon the exercise of existing warrants. Greenlane will not receive proceeds from the sale of shares by selling stockholders but expects to receive around $93.75 million from the exercise of PIPE Warrants and Pre-Funded Warrants. The common stock is listed on Nasdaq under 'GNLN.' The last sale price reported was $0.24 per share. The offering is contingent upon the registration statement's effectiveness and is subject to risks identified in the prospectus. Greenlane aims to strengthen its market position in the cannabis accessories and products sector, with a strategic focus on expanding both proprietary and partner brands. The document highlights Greenlane's organizational structure, including information on its operating company and its evolution as a cannabis ancillary products distributor. Greenlane emphasizes its compliance with evolving regulations in the cannabis market and outlines future growth strategies amid a changing legal landscape.

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Form Type: S-1

Filing Date: 2025-03-21

Corporate Action: Ipo

Type: New

Accession Number: 000149315225011166

Filing Summary: Greenlane Holdings, Inc. is filing a Form S-1 for a proposed initial public offering (IPO) of shares of Class A common stock. The registration statement is aimed at raising funds through the sale of 1,169,711,239 shares of common stock, which will be offered by the selling stockholders, including a number of Pre-Funded Warrants and PIPE Warrants. The offering is intended to commence as soon as practicable after the registration statement becomes effective. The document emphasizes the company’s position as a leader in the cannabis accessories sector and includes a detailed description of its business operations, competitive landscape, and the current market for cannabis products. Notably, Greenlane anticipates obtaining about $93,750,006 from the exercise of the PIPE Warrants and Pre-Funded Warrants. Their common stock is already listed on the Nasdaq Capital Market under the symbol “GNLN,” with a reported share price of $0.46 on March 20, 2025. The prospectus also details the risks involved in investing in their securities, including market conditions and regulatory changes involving cannabis. Greenlane's strategic acquisitions, brand partnerships, and e-commerce initiatives are highlighted, showcasing its approach to capitalize on the growing cannabis market across the United States, Canada, and Europe.

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