- Cannabis accessories company Greenlane Holdings ( NASDAQ: GNLN ) priced a public offering of 8.4M units at $0.90 per unit.
- Each unit consists of one class A share and two common warrants each exercisable for one class A share at $0.90 per share.
- The common warrants are immediately exercisable and expire in seven years from the date of issuance.
- Gross proceeds are expected to be ~$7.5M.
- The offering is expected to close on or about Nov. 1.
- The net proceeds are intended to be used for general corporate purposes.
- GNLN shares were trading -46.72% pre-market.
- Source: Press Release
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Greenlane prices ~$7.5M public offering