Greenlane Holdings launches $110M private placement for Berachain treasury strategy

According to Foresight News, Greenlane Holdings, Inc. (Nasdaq: GNLN) announced that it has completed the pricing and signing of a private equity investment in the public market (PIPE) transaction. The transaction was led by Polychain Capital, with participation from investors such as Blockchain.com, Kraken, North Rock Digital, CitizenX, and dao5. The company intends to use the net proceeds from the transaction to implement digital asset fund management strategies and acquire BERA, the native cryptocurrency of the Berachain blockchain. BERA will become the company's main capital reserve asset.
Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice from this platform. This platform does not make any guarantees about the accuracy, completeness, originality and timeliness of the information in the article, nor is it responsible for any losses caused by the use or reliance of the information in the article.