Greenlane Holdings to reconvene annual meeting after lack of quorum

Published 02/12/2025, 16:16
Greenlane Holdings to reconvene annual meeting after lack of quorum

Greenlane Holdings, Inc. (NASDAQ:GNLN) announced that its 2025 Annual Meeting of Stockholders, held in a virtual-only format on Monday, was unable to proceed due to the absence of a quorum. According to a statement in a press release filed with the Securities and Exchange Commission, the Inspector of Elections determined that not enough shares of the company’s common stock were represented to conduct business or open polls.

As a result, no official business was conducted at the meeting. The company stated it will reconvene the Annual Meeting on December 9, 2025, at 1:00 p.m. Eastern Time, again in a virtual-only format via live audio webcast. Stockholders will be able to attend, vote, and submit questions at the reconvened meeting by following the instructions previously provided in proxy materials.

The record date for stockholders entitled to vote at the Annual Meeting remains October 2, 2025.

Greenlane Holdings’ Class A common stock is listed on the Nasdaq Capital Market under the symbol GNLN.

This information is based on a press release statement included in the company’s recent SEC filing.

In other recent news, Greenlane Holdings announced a significant $110 million private placement to support its Berachain cryptocurrency treasury strategy. This financing initiative is led by Polychain Capital and includes participation from major investors such as Blockchain.com, Kraken, North Rock Digital, CitizenX, and dao5. The investment comprises approximately $50 million in cash or cash equivalents and about $60 million in BERA tokens. Additionally, Greenlane Holdings has appointed Vanessa Guzman-Clark as the new Chief Financial Officer, effective August 29, 2025. Guzman-Clark replaces Lana Reeve, whose departure was not due to any disagreements with the company’s operations or policies. Guzman-Clark brings over 20 years of finance experience, having previously served in senior roles at Digital Media Solutions, Inc. and Legacy Education Alliance, Inc. Her extensive background includes work in audit at PricewaterhouseCoopers and senior finance positions across various industries. These developments mark a period of strategic financial adjustments for Greenlane Holdings.

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