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FAQ: Greenlane Holdings' $110 Million Private Placement and Digital Asset Strategy
TL;DR
Greenlane's $110 million private placement positions the company with significant BERA token holdings, creating a strategic advantage in digital asset treasury management over competitors.
Greenlane issued shares and warrants totaling $110 million in cash, stablecoins, and BERA tokens, with proceeds allocated to digital asset treasury strategy and ongoing distribution operations.
This funding strengthens Greenlane's ability to serve global customers with premium products while pioneering responsible digital asset integration in corporate treasury management.
Greenlane secured major crypto backing from Polychain Capital and others, now holding over 54 million BERA tokens valued at approximately $108 million for its treasury strategy.
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Greenlane Holdings closed a $110 million private placement consisting of approximately $50 million in cash and stablecoin investment and $59.5 million in BERA tokens, backed by the Berachain Foundation and led by Polychain Capital.
The investment was supported by the Berachain Foundation and led by Polychain Capital with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5 and others.
The Company issued 3,328,012 Class A shares and 9,789,166 pre-funded warrants to cash and stablecoin investors, 15,504,902 pre-funded warrants to cryptocurrency investors subject to stockholder approval, and 5,264,757 strategic advisor warrants.
Greenlane plans to use the proceeds to execute its digital asset treasury strategy with BERA as its primary reserve asset while continuing its distribution business.
Greenlane now holds 54,227,042 BERA tokens valued at roughly $108 million based on Binance's 24-hour VWAP as of Oct. 23, 2025.
Directors, officers, the Berachain Foundation and Polychain Capital entered 180-day lock-up agreements.
The Company appointed Bruce Linton as Chairman and Billy Levy as director.
Aegis Capital Corp. served as exclusive placement agent, with Kaufman & Canoles, P.C., Sichenzia Ross Ference Carmel LLP and Paul Hastings LLP providing legal counsel.
Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers.
For more information on the company, please visit: https://gnln.com/ or view the full press release at https://ibn.fm/4glfM
Curated from InvestorBrandNetwork (IBN)
