Greenlane Holdings, Inc. (GNLN): Completion of Acquisition or Disposition of Assets

Greenlane Holdings, Inc. (GNLN) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 August 14, 2026 Greenlane Reports Second Quarter 2026 Financial Results ● Total Operating Expenses Reduced Approximately 37% Sequentially in the Second Quarter 2026 from the First Quarter 2026, Reflecting Continued Cost Alignment ● BERA Holdings of Approximately 81.3

Greenlane Holdings (Nasdaq: GNLN) reported cost-reduction steps and reiterated its long-term BERA accumulation strategy after aligning expenses with its digital-asset treasury model. It said it reduced headcount to 13 from 23 and cut cost of sales and facility costs. Greenlane also said the Berachain Foundation activated PoL Next to direct more yield to BERA holders; any benefit to Greenlane is uncertain. Greenlane reported holding 81.6M BERA as of July 7, 2026.

Gold Fields, a South African miner, is pursuing a $38.7 billion takeover of Australia's Northern Star Resources, aiming to create a global gold production powerhouse. Northern Star's board rejected the initial offer, valuing the company at a 22% premium. Gold Fields is meeting with investors to gain support, while Northern Star's shares have risen over 10% since the bid was revealed.

Proofpoint, owned by Thoma Bravo, agreed to acquire Varonis Systems for $49.75 per share, valuing the deal at $6.3 billion. The transaction, expected to close in early 2027, aims to combine their AI-driven data security offerings. Varonis's board approved the sale, which represents an 18% premium over its recent stock price. The deal is subject to shareholder and regulatory approvals.

Bumble agreed to a $1.3B take-private deal with Ithaca Holdings at $6.05 per share, a 138% premium over the stock's pre-announcement close. The deal, approved by a special committee and major shareholders, requires no shareholder vote. Bumble's revenue fell 15.2% YoY to $210.5M in Q2, with paying users dropping 16.4%. Founder Whitney Wolfe Herd will stay involved but step down as CEO, with Ithaca co-founders Ravi Gupta and John Hegeman taking over.

Varonis Systems (VRNS) shares rose 2.5% after Proofpoint announced a $6.3B cash acquisition, backed by Thoma Bravo. VRNS trades at a P/S ratio of 8.15x, above its historical median, with a GF Score of 78/100, indicating strong growth and valuation but weak profitability. Insiders have shown confidence with net buying of $1.2M in the past year.