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
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Greenlane is set to issue 2,363,637 units and pre-funded units, each consisting of one share of common stock and two common warrants exercisable at $2.50 per share. The private placement is expected to close around August 13, 2024, pending customary conditions.
August 12, 2024 | 7:57 pm
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Greenlane is issuing 2,363,637 units and pre-funded units, each with one share of common stock and two common warrants exercisable at $2.50 per share. The private placement is expected to close around August 13, 2024.
The issuance of new units and pre-funded units could provide Greenlane with additional capital, potentially boosting investor confidence. However, the dilution effect might temper the positive impact. The exercise price of $2.50 per share and the 5-year expiration of the warrants are also key factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100