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「New BERA Treasury Company with $110 Million Financing」 GNLN Surges Over 30% in Pre-market Trading, Market Cap Only $5.32 Million

2025-10-20 20:52

BlockBeats News, October 20th, according to market data, today announced a $110 million private placement to launch the BERA Treasury Strategy, causing pre-market trading of the U.S. listed company Greenlane Holdings (GNLN) to rise by 33.59% to $5.13.


It is worth noting that based on the previous trading day's closing price of $3.84, GNLN's market value was only $5.3244 million.


Greenlane Holdings is mainly engaged in the development, distribution, and sale of high-end tobacco accessories, packaging, e-cigarette solutions, and lifestyle products, with business operations covering the United States, Canada, Europe, and Latin America.


As previously reported by BlockBeats, Greenlane Holdings' $110 million PIPE financing this time includes approximately $50 million in cash and BERA tokens worth about $60 million.

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