Greenlane (GNLN) Proxy Filing summary

Executive summary

• A special meeting will be held virtually on March 25, 2026, to vote on a reverse stock split and potential adjournment to solicit more proxies if needed.

• The reverse stock split would combine shares at a ratio between 1-for-5 and 1-for-15, with the exact ratio chosen by the board by April 30, 2026.

• The board believes the split will help maintain Nasdaq listing, improve stock price, and broaden investor appeal.

• No reduction in authorized shares is proposed; only issued shares would be affected.

• The board recommends voting in favor of both proposals.

Voting matters and shareholder proposals

• Proposal 1: Approve an amendment to effect a reverse stock split within a 1-for-5 to 1-for-15 range, at the board's discretion.

• Proposal 2: Approve adjournment of the meeting if more time is needed to solicit proxies for Proposal 1.

• Both proposals are considered routine matters, allowing brokers to vote without specific instructions.

• Shareholders can vote online, by mail, or during the virtual meeting.

• Shareholder proposals for the 2026 annual meeting must be submitted by July 13, 2026, for inclusion in proxy materials.

Board of directors and corporate governance

• The board retains sole discretion to implement or abandon the reverse stock split after shareholder approval.

• No director or officer has interests in the proposals different from other shareholders, except as holders of common stock.

• The board may adjust the split ratio based on market and company conditions.