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Form 8-K Greenlane Holdings, Inc. For: Jun 30

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July 1, 2022 4:50 PM EDT



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2022
 
 
GREENLANE HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
(State or other jurisdiction
of incorporation)
 
001-38875
(Commission
File Number)
 
83-0806637
(IRS Employer
Identification No.)
 
1095 Broken Sound Parkway, Suite 300
Boca Raton, FL
(Address of principal executive offices)
 
33487
(Zip Code)
Registrant’s telephone number, including area code: (877) 292-7660
Not Applicable
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A Common Stock, $0.01 par value per share GNLN Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01. Other Events

As previously disclosed, on December 30, 2021, Greenlane Holdings, Inc. (the “Company”) entered into a Secured Promissory Note (the “Note”) with Aaron LoCascio, the former President and co-founder of the Company and a member of the Company’s Board of Directors, which provides for a loan of $8.0 million maturing on June 30, 2022 at a simple interest rate of 15% and secured by a continuing security interest in all the Company’s assets and properties whether then or thereafter existing or acquired, including its inventory and receivables (as defined under the Universal Commercial Code). On June 30, 2022, the Company entered into the First Amendment to the Note, which provides for the extension of the maturity date of the Note from June 30, 2022 to July 14, 2022.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  GREENLANE HOLDINGS, INC.
Dated: July 1, 2022      By: /s/ Darshan Dahya
   Darshan Dahya
   Chief Accounting Officer




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