SCHEDULE: Altium Capital Reports 0.12% Stake in Greenlane Holdings
Beneficial Ownership Report (Schedule 13G Amendment)
Altium Capital Management LLC and related entities have filed an amended Schedule 13G, disclosing beneficial ownership of 0.12% of Greenlane Holdings, Inc. common stock through Series A Warrants.
Summary
- Altium Capital Management LLC, Altium Healthcare Long Short Onshore Fund LP, and Altium Healthcare Long Short GP LLC jointly filed an amended Schedule 13G.
- The filing reports beneficial ownership of 21,008 shares of Greenlane Holdings, Inc. Common Stock.
- This ownership represents 0.12% of the class, based on 17,394,226 shares outstanding as of May 15, 2025.
- The shares are issuable upon conversion of Series A Warrants.
- The Series A Warrants are subject to a 4.99% blocker, meaning the reporting persons cannot exercise them if it would result in beneficial ownership exceeding 4.99% of outstanding shares.
- The reported 21,008 shares do not give effect to this warrant blocker, implying the actual number of beneficially owned shares, after applying the blocker, is less.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the issuer's performance or prospects. The reported stake is very small (0.12%).
Positives
- NA
Negatives
- NA
Risks
- The beneficial ownership reported does not account for the 4.99% warrant blocker, meaning the actual exercisable ownership is less than the stated 0.12% if the blocker is active.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.
Management Comments
- NA
Industry Context
This filing is a routine disclosure of beneficial ownership by an investment firm in a publicly traded company. It does not provide insights into broader industry trends or competitive dynamics, focusing solely on the ownership stake.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Provides transparency to shareholders and the market regarding the beneficial ownership stake held by Altium Capital Management LLC and its affiliates in Greenlane Holdings, Inc.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2025-05-15 | Date as of which Greenlane Holdings, Inc. reported 17,394,226 shares of Common Stock outstanding in its Form 10-Q Statement. |
| 2025-06-30 | Date of event which required the filing of this statement. |
| 2025-08-14 | Date of signing of the Schedule 13G Amendment No. 1. |
Keywords
Greenlane Holdings, Altium Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, SEC Filing, Investment Adviser
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