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Greenlane Will Also Issue An Aggregate Of 2,363,637 Units And Pre-Funded Units; Each Unit And Pre-Funded Unit Will Consist Of 1 Share Of Common Stock And 2 Common Warrants, Each Exercisable For One Share Of Common Stock At An Exercise Price Of $2.50 Per Share

Author: Benzinga Newsdesk | August 12, 2024 03:57pm

In connection with the private placement, the Company will issue an aggregate of 2,363,637units and pre-funded units. The pre-funded units will be sold at the same purchase price as the units, less the pre-funded warrant exercise price of $0.00001. Each unit and pre-funded unit will consist of one share of common stock (or one pre-funded warrant) and two common warrants, each exercisable for one share of common stock at an exercise price of $2.50 per share. The common warrant will be exercisable on the initial exercise date described in the common warrant and will expire 5.0 years from such date.

The closing of the private placement is expected to occur on or about August 13, 2024, subject to the satisfaction of customary closing conditions.

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