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Item 5. Market for Registrant’s Common Equity

2024-07-19 compared with 2023-03-31 · 33 added, 21 removed, 1 unchanged (98% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our Class A common stock has been listed on the Nasdaq Global Select Market under the symbol "GNLN" since April 18, 2019.

Prior to that time, there was no public market for our stock.

Our Class B common stock is neither listed nor traded on any stock exchange.

As of December 31, 2022, there were approximately 93 stockholders of record of our Class A common stock.

Since certain of our shares of Class A common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.

We have never declared or paid any cash dividends on our Class A common stock.

We intend to retain any future earnings and do not expect to pay cash dividends in the foreseeable future.

Unregistered Sales of Equity Securities

During the three months ended December 31, 2022, we issued shares of Class A common stock in exchange for an equivalent number of shares of Class B common stock and Common Units of the Operating Company pursuant to the terms of our Amended and Restated Certificate of Incorporation and the Operating Company's Third Amended and Restated Operating Agreement, as follows:

Date Class A shares issued

* 10/11/2022 172

10/31/2022 1,588

10/31/2022 428

12/1/2022 172

12/8/2022 172

12/15/2022 71,250

12/15/2022 76,137

12/30/2022 172

12/30/2022 86

These shares were issued in reliance on an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933.

Class A common stock is listed on the Nasdaq Captial Market under the symbol “GNLN”.

of July 18, 2024 , there were approximately 78 stockholders of record of our Class A common stock.

Since certain of our shares of

Class A common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number

of stockholders represented by these record holders.

have never declared or paid any cash dividends on our Class A common stock.

We intend to retain any future earnings and do not expect

to pay cash dividends in the foreseeable future.

Sales of Equity Securities

were no unregistered sales of equity securities during the year ended December 31, 2023.

June 29, 2023, we entered into securities purchase agreements with certain investors, pursuant to which we agreed to issue and sell an

aggregate of 560,476 shares of our Class A common stock, pre-funded warrants to purchase up to 3,487,143 shares of our Class A common

stock (the “July 2023 Pre-Funded Warrants”) and warrants to purchase up to 8,095,238 shares of our Class A common stock (the

“July 2023 Standard Warrants”).

The July 2023 units each consisted of one share of Class A common stock or a July 2023 Pre-Funded

Warrant and two July 2023 Standard Warrants to purchase one share of our Class A common stock.

The July 2023 units were offered pursuant

to an effective Registration Statement on Form S-1.

The July 2023 Standard Warrants are exercisable immediately at an exercise price

equal to $1.05 per share of Class A common stock for a period of five years.

Each July 2023 Pre-Funded Warrant is exercisable immediately

with no expiration date for one share of Class A common stock at an exercise price of $0.0001.

The July 2023 Offering generated gross

proceeds of approximately $4.3 million and net proceeds to the Company of approximately $3.9 million.

of the date of this Annual Report on Form 10-K, all July 2023 Pre-Funded Warrants have been exercised, based upon which we issued

an additional 1,911,000 shares of our Class A common stock subsequent to year end, for de minimis net proceeds.

connection with the July 2023 Offering, we entered into privately negotiated agreements with holders participating in the offering

to amend existing outstanding warrants to purchase up to 1,344,367 shares of Class A common stock that were previously issued in connection

with the June 2022 and October 2022 Offerings at exercise prices per share of $50.00 and $9.00, respectively, and expire on December

29, 2027 and November 1, 2029, respectively (collectively, the “Prior Warrants”), effective upon the closing of the July

2023 Offering to reduce the exercise price of the Prior Warrants to $1.05, the exercise price of the warrants to purchase shares of Class

A common stock offered in the July 2023 Offering.

All other terms of the Prior Warrants remained unchanged.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity