Greenlane Holdings (GNLN) has issued an announcement.
Greenlane Holdings Inc. has announced a 1-for-11 reverse stock split of its Class A common stock, which will take effect before market opening on August 5, 2024. This corporate action, approved by shareholders, will consolidate every 11 shares into a single share, without altering the par value or the total authorized shares. Fractional shares will be rounded up, and all related securities will be adjusted accordingly. The stock will continue trading on Nasdaq under its existing symbol with a new CUSIP number.
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