Greenlane Holdings, Inc., a company with a Berachain-focused Digital Asset Treasury, will implement a 1-for-8 reverse stock split of its common stock effective April 6, 2026. The company's stock will begin trading on a split-adjusted basis at market opening that day on The Nasdaq Capital Market under the symbol "GNLN." This corporate action aims to improve the stock's investment appeal and ensure compliance with Nasdaq Listing Rule 5550(a)(2), which sets minimum bid price requirements for continued listing.
The reverse stock split will reduce Greenlane's outstanding shares from approximately 5,039,563 to about 629,945, significantly increasing the per-share price while maintaining the same total market capitalization. No fractional shares will be issued, with stockholders receiving cash payments instead. The company's warrants and stock options will also be adjusted proportionally. Greenlane's board of directors selected the 1-for-8 ratio after receiving stockholder approval on March 25, 2026, which granted authority for a split ranging from 1-for-5 to 1-for-15.
This move is particularly important as it addresses potential delisting risks while attempting to attract a broader investor base. Companies often implement reverse splits when their stock price falls below exchange minimums, making this a critical compliance measure. For investors, the consolidation means fewer shares at higher prices, which could potentially reduce volatility and improve institutional interest. The company's focus on digital assets through its Berachain-centered strategy adds another layer of significance, as this sector continues to evolve amid regulatory scrutiny and market fluctuations.
Equiniti Trust Company, LLC will serve as exchange agent for the transaction. Most stockholders holding shares in book-entry or brokerage accounts need take no action, though those with physical certificates will receive instructions from Equiniti. The company's strategic direction remains centered on BERA, the native digital asset of the Berachain blockchain network, which utilizes a novel Proof of Liquidity consensus mechanism. More information about Berachain's technology is available at https://berachain.com.
While the reverse split addresses immediate listing concerns, Greenlane acknowledges ongoing risks in its forward-looking statements, including market unpredictability, economic conditions, and its digital asset treasury strategy. The company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for 2025, detail these uncertainties. Investors can access corporate information through the company's investor relations site at https://investor.gnln.com. This corporate action represents a significant step in Greenlane's efforts to stabilize its market position while continuing its specialized focus in the evolving digital asset landscape.
