1 unchanged sentence
Class A common stock is listed on the Nasdaq Capital Market under the symbol “GNLN”.
−Removed: of March 19, 2025, there were approximately 91 stockholders of record of our Class A common stock.
−Removed: Since certain of our shares of Class
−Removed: A common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders
−Removed: represented by these record holders.
+Added: As of March 30, 2026, there were
+Added: approximately 221 stockholders of record of our Class A common stock.
+Added: Since certain of our shares of Class A common stock are held
+Added: by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by
+Added: these record holders.
have never declared or paid any cash dividends on our Class A common stock.
2 unchanged sentences
Sales of Equity Securities
−Removed: were no unregistered sales of equity securities during the year ended December 31, 2024.
−Removed: June 29, 2023, we entered into securities purchase agreements with certain investors, pursuant to which we agreed to issue and sell an
−Removed: 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
−Removed: stock (the “July 2023 Pre-Funded Warrants”) and warrants to purchase up to 8,095,238 shares of our Class A common stock (the
−Removed: “July 2023 Standard Warrants”).
−Removed: The July 2023 units each consisted of one share of Class A common stock or a July 2023 Pre-Funded
−Removed: Warrant and two July 2023 Standard Warrants to purchase one share of our Class A common stock.
−Removed: The July 2023 units were offered pursuant
−Removed: to an effective Registration Statement on Form S-1.
−Removed: The July 2023 Standard Warrants are exercisable immediately at an exercise price
−Removed: equal to $1.05 per share of Class A common stock for a period of five years.
−Removed: Each July 2023 Pre-Funded Warrant is exercisable immediately
−Removed: with no expiration date for one share of Class A common stock at an exercise price of $0.0001.
−Removed: The July 2023 Offering generated gross
−Removed: proceeds of approximately $4.3 million and net proceeds to the Company of approximately $3.9 million.
−Removed: 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
−Removed: additional 1,911,000 shares of our Class A common stock for de minimis net proceeds in 2024.
−Removed: connection with the July 2023 Offering, we entered into privately negotiated agreements with holders participating in the offering to
−Removed: amend existing outstanding warrants to purchase up to 1,344,367 shares of Class A common stock that were previously issued in connection
−Removed: with the June 2022 and October 2022 Offerings at exercise prices per share of $50.00 and $9.00, respectively, and expire on December
−Removed: 29, 2027 and November 1, 2029, respectively (collectively, the “Prior Warrants”), effective upon the closing of the July
−Removed: 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
−Removed: A common stock offered in the July 2023 Offering.
−Removed: All other terms of the Prior Warrants remained unchanged.
−Removed: August 12, 2024, the Company entered into a securities purchase agreement with a single institutional investor for aggregate gross cash
−Removed: proceeds of $6.5 million.
−Removed: In connection with the private placement, the Company issued an aggregate of 2,363,637 units and pre-funded
−Removed: The pre-funded units were sold at the same purchase price as the units, less the pre-funded warrant exercise price of $0.001.
−Removed: Each unit and pre-funded unit consisted of one share of common stock (or one pre-funded warrant) and two common warrants, each exercisable
−Removed: for one share of common stock at an exercise price of $2.50 per share.
−Removed: The common warrant are exercisable on the initial exercise date
−Removed: described in the common warrant and will expire 5.0 years from such date.
−Removed: October 29, 2024, the Company entered into an Exchange Agreement with its Senior Subordinated Lender, whereby the Company agreed to exchange
−Removed: an aggregate of $4,617,307 of debt originally owed to Agile Capital Funding LLC and Cedar Advance LLC in a 3(a)(9) exchange for
−Removed: new Senior Subordinated Notes in the principal amount of $4,000,000 due one year from issuance (the “Exchange Note”),
−Removed: reducing outstanding indebtedness by approximately $617,000.
−Removed: The Exchange Note was convertible at the option of the holder at $3.17 per
−Removed: In connection with the Exchange, the Company issued an aggregate of 1,261,830 five year warrants with an exercise
−Removed: price of $3.04 per share (the “Exchange Warrants”).
−Removed: The Exchange Note was repaid out of the proceeds of the February
−Removed: 2025 Offering.
−Removed: addition, pursuant to the terms of the Exchange Agreement, the Company agreed to issue warrants to the Holders, with an initial exercise
−Removed: price of $3.04, exercisable 180 days after issuance (the “Exchange Inducement Warrants”).
−Removed: The Exchange Inducement
−Removed: Warrants were issued to incentivize the holders to exercise some or all of their existing warrants originally issued on August 13, 2024
−Removed: (the “Existing Warrants”) for cash, which existing warrants have an exercise price of $2.50 per share.
−Removed: Inducement Warrants are initially exercisable for zero shares, but to the extent that the Holders exercise any of such Existing Warrants
−Removed: during the one-hundred sixty day inducement period, the Exchange Inducement Warrants will become exercisable on April 30, 2025 for 200%
−Removed: of the number of Existing Warrants exercised for cash during such inducement period.
−Removed: As part of the February 2025 Offering, the exercise
−Removed: price of these warrants was adjusted to $1.19 per share.
−Removed: pursuant to the Exchange Agreement, the Senior Subordinated Lender agreed that it will exercise its Existing Warrants for cash prior
−Removed: to exercising any of its outstanding pre-funded warrants, contingent on the market price of the common stock being above $2.50 per
−Removed: share and certain other conditions.
+Added: Except as previously reported by
+Added: us on our Current Reports on Form 8-K, we did not sell any securities during the period covered by this Annual Report that were not registered
+Added: under the Securities Act.
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.