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Aegis Capital Corp. acted as Exclusive Placement Agent on a $25.0 Million Private Placement Priced At-the-Market for Greenlane Holdings, Inc. (NASDAQ:GNLN)

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Greenlane Holdings (NASDAQ:GNLN) has secured a $25.0 million private placement offering priced at-the-market, with Aegis Capital Corp. serving as the exclusive placement agent. The transaction was announced on February 20, 2025.

Greenlane Holdings (NASDAQ:GNLN) ha ottenuto un collocamento privato da 25,0 milioni di dollari a prezzo di mercato, con Aegis Capital Corp. che funge da agente esclusivo per il collocamento. La transazione è stata annunciata il 20 febbraio 2025.

Greenlane Holdings (NASDAQ:GNLN) ha conseguido una colocación privada de 25,0 millones de dólares a precio de mercado, con Aegis Capital Corp. como agente exclusivo de colocación. La transacción fue anunciada el 20 de febrero de 2025.

그린레인 홀딩스 (NASDAQ:GNLN)2,500만 달러 규모의 사모 배정을 시장 가격으로 확보했으며, Aegis Capital Corp.가 독점 배정 대행사로 활동하고 있습니다. 이 거래는 2025년 2월 20일에 발표되었습니다.

Greenlane Holdings (NASDAQ:GNLN) a sécurisé un placement privé de 25,0 millions de dollars à prix du marché, avec Aegis Capital Corp. agissant en tant qu'agent de placement exclusif. La transaction a été annoncée le 20 février 2025.

Greenlane Holdings (NASDAQ:GNLN) hat eine private Platzierung über 25,0 Millionen Dollar zu Marktpreisen gesichert, wobei Aegis Capital Corp. als exklusiver Platzierungsagent fungiert. Die Transaktion wurde am 20. Februar 2025 bekannt gegeben.

Positive
  • Secured $25.0 million in new capital through private placement
Negative
  • Potential dilution for existing shareholders through new share issuance
  • At-the-market pricing suggests no premium for investors

Insights

This $25 million private placement represents a remarkable capital raise that dwarfs Greenlane Holdings' current market capitalization of approximately $1.5 million. The magnitude of this funding - nearly 16 times the company's market cap - signals a transformative event that warrants careful analysis.

The at-the-market pricing mechanism is particularly noteworthy in this context. While it helps avoid immediate price disruption, the substantial size relative to the current float suggests significant dilution for existing shareholders. However, this dilution must be weighed against the company's urgent need for capital and potential strategic benefits.

Aegis Capital's role as exclusive placement agent is important here. Their involvement suggests they've conducted thorough due diligence and found institutional investors willing to take substantial positions. This level of institutional backing could provide much-needed stability and credibility for Greenlane, potentially attracting further investment interest.

The timing and size of this raise likely indicate several key factors:

  • Immediate capital needs for operations or debt management
  • Potential strategic acquisitions or expansion plans
  • Restructuring opportunities in a challenging market

For micro-cap companies, securing this scale of funding is exceptionally challenging in current market conditions. The successful placement suggests either compelling growth prospects or significant asset value that investors find attractive despite the company's current market position.

NEW YORK, NY / ACCESS Newswire / February 20, 2025 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $25.0 Million Private Placement Priced At-the-Market for Greenlane Holdings, Inc. (NASDAQ:GNLN).

About Greenlane Holdings, Inc.

Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, lifestyle products and accessories, and apparel lines, as well as bubblers, rigs and merchandise. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, Storz and Bickel, Grenco Science, and Keith Haring brands. The company also operates e-commerce websites, such as Vapor.com, Wholesale.Greenlane.com, PuffItUp.com, HigherStandards.com, and MarleyNaturalShop.com. It serves customers through smoke shops, head shops, convenience stores, cannabis dispensaries, and specialty retailers.

For more information, visit: https://gnln.com/

About Aegis Capital Corporation

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research, sales and trading services to institutional and retail investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.

For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.


www.aegiscapcorp.com

Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

SOURCE: Aegis Capital Corp.



View the original press release on ACCESS Newswire

FAQ

How much did Greenlane Holdings (GNLN) raise in their February 2025 private placement?

Greenlane Holdings raised $25.0 million through a private placement priced at-the-market on February 20, 2025.

Who was the placement agent for GNLN's February 2025 private placement?

Aegis Capital Corp. acted as the exclusive placement agent for Greenlane Holdings' $25.0 million private placement.

What was the pricing structure of GNLN's February 2025 private placement?

The private placement was priced at-the-market, meaning the pricing was based on current market prices.

How will GNLN's February 2025 private placement affect existing shareholders?

The private placement may result in dilution for existing shareholders due to the issuance of new shares at market price.

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