Good afternoon, everyone, and welcome to the 2025 Annual Meeting of Stockholders of Greenlane Holdings, Inc. I am Barbara Sher, Chief Executive Officer of Greenlane, and I will serve as Chairman of this meeting. We're very pleased to be able to use this virtual meeting format accessible to all of our stockholders, regardless of their physical location. If you are a stockholder, you can listen to the meeting, submit questions, and vote your shares online prior to the closing of the polls. Following the formal portion of the meeting, we will respond to stockholder questions submitted online. Within the virtual meeting platform, you will find a copy of the rules of conduct and procedures for the special meeting. To conduct an orderly meeting, we ask that you follow these rules. With me today are several other participants. First, Vanessa Guzmán-Clark, the company's Chief Financial Officer.
Ms. Guzman-Clark will keep the minutes of this meeting and has been appointed to serve as the Inspector of Elections. She has been duly sworn and has taken and signed notes to faithfully execute her duties with strict impartiality and to the best of her ability. Jonathan Zuckerman with PKF O'Connor Davies is also with us today. Additionally, several of the company's other executive officers and directors are also with us during this meeting. Our directors are experienced, well-qualified, and possess the skills and attributes to guide our company. All of our directors have been nominated for reelection. I have proof by affidavit that notice of this meeting was given and that the proxy materials commenced mailing on November 7th, 2025, to all stockholders of record at the close of business on October 2nd, 2025.
The following materials are available at www.proxyvote.com and the company's website: one, a copy of the notice for this meeting; two, the proxy statement; and three, the company's 2024 Annual Report. Ms. Guzman-Clark will preserve these materials with the corporate records of the company. If anyone has a question on any of the proposals that are presented, such questions may be submitted in the field provided in the web portal. Each attendee is limited to a total of no more than two questions. Questions on the same topic may be grouped, and one representative question will be read aloud before the appropriate individuals answer as time permits. Matters of individual concern and not of general concern may be raised separately after the meeting by contacting our investor relations at ir@greenlane.com. We will address any proposal questions before the polls close.
Following the formal business portion of our meeting, we may address other questions submitted today or prior to the meeting for up to 10 minutes during the question-and-answer session. It is now my pleasure to call this meeting to order. This meeting has been called pursuant to due notice dated November 7th, 2025, and delivered or made available to stockholders of record as of October 2nd, 2025. Proxies were solicited on behalf of the board of directors of the company for this meeting. The total number of outstanding shares of common stock entitled to vote at this meeting is 1,386,551.
Under applicable law and the bylaws of the company, for there to be a quorum for the consideration of any matter voted on by the holders of common stock at this meeting, there must be in attendance, personally or by proxy, the holders of a one-third of the outstanding shares of common stock of the company as of the record date. We will pause for a final tabulation of the number of shares of common stock present virtually or by proxy at the meeting. Ms. Guzman-Clark, the Inspector of Elections for this meeting, has confirmed that a quorum of the holders of common stock is present or represented by proxy, so we will proceed with the business at hand. Any stockholders in attendance today who have previously signed and submitted proxies for this meeting do not need to vote today.
Your shares will be voted in accordance with the instructions on your proxy cards. Stockholders who have not signed and returned proxies for this meeting and wish to vote personally should cast their votes at this time. If a stockholder that has previously voted also votes today, the previous vote will be deemed revoked, and today's vote will be counted in the final vote count. Stockholders may vote until a final call for votes is made. The preliminary voting results on each proposal will be reported at the end of this meeting, and all the votes have been tallied. We have six items of business to address at this meeting. Our first item of business is the election of five directors to serve until the 2026 Annual Meeting of Stockholders and until their successors have been duly elected and qualified.
The nominees are Barbara Sher, Donald Hunter, Bruce Linton, Billy Levy, and Michael Howe. The second item on the agenda is the ratification of the appointment of PKF O'Connor Davies, LLP, as the company's independent registered public accounting firm for the year ending December 31st, 2025. The third item on the agenda is the approval to increase the number of shares reserved under the company's 2019 Equity Incentive Plan to 3 million shares. The fourth item on the agenda is the approval of the financing proposal, which calls for the issuance of 3,328,012 shares of the company's common stock and pre-funded warrants to acquire in the aggregate up to 25,294,068 shares of the company's common stock. The fifth item on the agenda is the approval of the advisory compensation proposal, which calls for the issuance of pre-funded advisory warrants and shares of common stock upon exercise of the advisory warrants.
The sixth and final item on the agenda is the approval of one or more adjournments of the Greenlane Annual Meeting to another date, time, and/or place, if necessary or appropriate, to solicit additional proxies in favor of the 2019 Equity Incentive Plan proposal, the financing proposal, or the advisory compensation proposal. We will now open the polls and allow for stockholders who have not voted or who wish to change their prior vote to complete their voting now. This is the final call for votes, and the polls will close shortly. I declare the polls to be closed. Ms. Guzman-Clark will now discuss the preliminary results of the vote.
Based on the preliminary results, each nominee, Barbara Sher, Donald Hunter, Bruce Linton, Billy Levy, and Michael Howe, have been elected as a director to serve until the 2026 Annual Meeting and until his or her successor has been duly elected and qualified. Stockholders have voted in favor of the ratification of the appointment of PKF O'Connor Davies, LLP, as the company's independent public accountant for the fiscal year 2025. Stockholders have approved the increase in the shares reserved under the 2019 Equity Incentive Plan proposal. Stockholders have voted in favor of the financing proposal. Stockholders have voted in favor of the advisory compensation proposal.
Thank you, Ms. Guzman-Clark. Since the results indicate that the first five proposals have been duly approved, we will not need to act upon the proposal to adjourn this meeting until a later time. We will be reporting final vote results in a current report on Form 8-K within four business days of today's meeting. That concludes the formal business portion of our meeting. The Annual Meeting of Stockholders is hereby adjourned. We appreciate your support and thank you for your attendance today. With that, I would like to take any questions you might have for us today related to today's Annual Meeting. To ask a question, click on the message icon to submit your question or comment. We have not received any questions. This concludes the question-and-answer portion of the meeting. Thank you for your attendance this afternoon. We thank you for your continued support of Greenlane.
This concludes today's Annual Meeting. You may now disconnect.