Greenlane Holdings Inc. has announced a $110 million private placement to initiate a Berachain (BERA) cryptocurrency treasury strategy, aiming to become one of the largest publicly traded BERA holders. The financing is led by institutional and crypto-native investors, including Polychain Capital, with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5, and others. The transaction consists of the purchase and sale of Greenlane's Class A common stock and/or pre-funded warrants at $3.84 per share and $3.83 per pre-funded warrant. The PIPE includes approximately $50 million in cash or cash equivalents and $60 million in BERA tokens. Proceeds will primarily fund BERA acquisitions and support treasury operations, working capital, and general corporate purposes. Greenlane's common stock will continue trading on the Nasdaq Capital Market, and the company plans to provide regular updates on its BERA holdings and treasury performance.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenlane Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-018597), on October 20, 2025, and is solely responsible for the information contained therein.
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