Greenlane (GNLN) Proxy Filing summary

Executive summary

• Special meeting scheduled for March 25, 2026, to vote on a reverse stock split and potential adjournment to solicit more proxies if needed.

• Reverse stock split proposal allows a ratio between 1-for-5 and 1-for-15, with the final ratio at the Board's discretion before April 30, 2026.

• Main objectives: increase share price, maintain Nasdaq listing, and broaden investor appeal.

• Virtual-only meeting format adopted to expand access, reduce costs, and support sustainability goals.

Voting matters and shareholder proposals

• Proposal 1: Approve amendment for reverse stock split within a 1-for-5 to 1-for-15 range, without reducing authorized shares.

• Proposal 2: Approve adjournment of the meeting if more time is needed to solicit votes for the reverse split.

• Board recommends voting FOR both proposals.

• Shareholders of record as of February 25, 2026, are eligible to vote; each share equals one vote.

• Stockholder proposals for the 2026 annual meeting must be submitted by July 13, 2026.

Board of directors and corporate governance

• Board retains discretion to implement or abandon the reverse split based on market and company conditions.

• No appraisal rights for shareholders regarding the reverse split.

• No known efforts to accumulate shares or take control; reverse split not intended as anti-takeover measure.