Greenlane Holdings Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 16, 2025, Greenlane Holdings, Inc. (the “Company”) held the 2025 Special Meeting of Stockholders (the “Special Meeting”). As of the close of business on April 17, 2025, the record date for the Special Meeting, there were 8,336,953 shares of Class A common stock issued and outstanding.
Holders of 5,619,704 shares of the Company’s Class A common stock were present in person or represented by proxy at the Special Meeting. The following are the voting results of the proposals submitted to Greenlane’s stockholders at the Special Meeting:
Proposal 1: To grant discretionary authority to our board of directors to (i) amend our articles of incorporation to combine outstanding shares of our Common Stock into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of one-for-two hundred fifty (1-for-250) to a maximum of a one-for-seven hundred fifty (1-for-750), with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders (the “Reverse Stock Split Proposal”)
| For | Against | Abstain | ||
5,044,330 |
477,238 |
98,136 |
As there were sufficient votes to approve the Reverse Split Proposal, stockholder action on a second proposal, to approve one or more adjournments of the Meeting to another date, time and/or place, if necessary or appropriate, to solicit additional proxies in favor of the Reverse Split Proposal (the “Adjournment Proposal”), was not required and a vote was not called on that proposal.
In accordance with the Company’s proxy statement dated May 13, 2025, as amended, the Reverse Stock Split proposal was approved.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GREENLANE HOLDINGS, INC. | ||
| Dated: June 18, 2025 | By: | /s/ Lana Reeve |
| Lana Reeve | ||
| Chief Financial and Legal Officer | ||