UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| (State or other jurisdiction | (Commission | (IRS Employer | ||
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| 1095 Broken Sound Parkway Suite 100 | ||
| Boca Raton FL | 33487 | |
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Item 2.03 Creation of a Direct Financial Obligation
On August 7, 2024, Greenlane Holdings, Inc. (the “Company”) issued a note (the “Note”) in the principal amount of $3,237,269 to Cobra Alternative Strategies, LLC (the “Investor”). The Note is due the earlier of (i)February 5, 2025; or (ii) the Company’s receipt of at least $3,500,000 of gross proceeds from an offering of their securities (a “Qualified Offering”).and contain a 20% original issue discount. The Notes are convertible into common stock after maturity if not paid prior. In connection with the issuance of the Note, the Company issued the Investor warrants to purchase up to 1,618,635 shares at the Qualified Offering Price. ,
The foregoing summaries of the Note and the Warrant do not purport to be complete and are qualified in their entirety by reference to the full texts of the Note and the Warrant that are filed herewith as Exhibits 10.1 and 10.2 respectively.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Promissory Note dated August 7, 2024 | |
| 10.2 | Warrant dated August 7, 2024 | |
| 104 | Cover Page Interactive Data File |
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: August 13, 2024 | By: | /s/ Barbara Sher |
| Barbara Sher | ||
| Chief Executive Officer | ||