Greenlane's Board Approves Reverse Stock Split

Greenlane Holdings, Inc. (NASDAQ: GNLN) will effect a one-for-20 reverse stock split of its class A common stock, par value $0.01 per share and class B common stock, par value $0.0001 per share that will become effective on August 9, at 5:01 PM Eastern Time, after the close of trading on The Nasdaq Global Market. On August 10, 2022, Greenlane's Class A common stock will begin trading on a post-reverse split basis on the Nasdaq under the existing symbol "GNLN."

The reverse split is primarily intended to bring Greenlane into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq. The new CUSIP number for the …

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Greenlane's Board Approves Reverse Stock Split on Benzinga