Greenlane launches 5,355,687-share ATM program
Greenlane Holdings, Inc. entered into a Sales Agreement with Yorkville Securities, LLC that establishes an at-the-market equity program under which the company may, from time to time, sell up to 5,355,687 shares of its Class A common stock.
Rhea-AI Filing Summary
Greenlane Holdings, Inc. entered into a Sales Agreement with Yorkville Securities, LLC that establishes an at-the-market equity program under which the company may, from time to time, sell up to 5,355,687 shares of its Class A common stock. Sales of these shares, if any, will be made as an at-the-market offering under Rule 415, with Yorkville acting as sales agent or principal and earning a commission of up to 3.0% of the gross proceeds from each sale. The shares will be issued off Greenlane’s shelf registration statement on Form S-3, which was declared effective by the SEC on September 12, 2025, and a related prospectus supplement filed for this ATM program. Greenlane is not obligated to sell any shares and can suspend or terminate the program in accordance with the agreement.
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Insights
Greenlane adds an at-the-market facility for flexible equity issuance.
Greenlane Holdings, Inc. has put in place a Sales Agreement with Yorkville Securities, LLC that permits sales of up to 5,355,687 shares of common stock through an at-the-market, or ATM, program. These shares are covered by an existing shelf registration statement on Form S-3, declared effective by the SEC on September 12, 2025, and a dedicated prospectus supplement for this ATM program.
Under the agreement, Yorkville will act as sales agent or principal and use commercially reasonable efforts to place shares based on Greenlane’s instructions, earning a commission of up to 3.0% of gross proceeds on each sale. Greenlane retains discretion: it is not required to sell any shares and may suspend offers or terminate the agreement subject to its terms.
For investors, this structure means share issuances, if any, can occur gradually into the market rather than via a single large offering. The actual impact on share count and trading dynamics will depend on how actively Greenlane uses the ATM facility over time, which is not specified in this disclosure.
8-K Event Classification
FAQ
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What agreement did Greenlane Holdings (GNLN) enter on January 7, 2026?
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