Greenlane: BIC Converts 33,085 Warrants; Advisors Lock Up Until 2027

Greenlane Holdings announced that Berachain Investment Corporation (BIC) will convert 33,085 pre-funded warrants into Class A common stock, adhering to a 4.99% beneficial ownership limit. BIC holds 1,476,464 pre-funded warrants from the October 2025 PIPE financing. Additionally, holders of 162,760 Strategic Advisor Warrants, including Board members, have entered into lock-up agreements until April 23, 2027, signaling continued confidence in the company's long-term strategic direction.