The information in this preliminary prospectus is not complete and may be changed.
These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these
securities in any jurisdiction where the offer or sale is not permitted.
SUBJECT TO COMPLETION DATED MARCH 28, 2023
PROSPECTUS
GreenLight Biosciences Holdings, PBC
114,692,259 Shares of Common Stock
10,350,000 Shares of Common Stock Issuable Upon Exercise of Warrants
This prospectus relates to the resale, from time to time, of up to 114,692,259 shares of our common stock, par value $0.0001 per share
(Common Stock), by the selling securityholders (including their pledgees, donees, transferees or other successors-in-interest) identified in this
prospectus (the Selling Securityholders). This prospectus also relates to the issuance by us of up to 10,350,000 shares of Common Stock upon the exercise of outstanding warrants (the Public Warrants).
We are registering an aggregate of 40,065,301 shares of Common Stock held by certain of the Selling Securityholders, consisting of 12,425,000
shares (the February 2022 PIPE Shares) issued in February 2022 pursuant to the terms of the Subscription Agreements (the February 2022 PIPE Subscription Agreements) entered into with certain of the Selling
Securityholders (the February 2022 PIPE Investors, and such transactions are collectively referred to herein as the February 2022 PIPE Financing) in connection with the Business Combination, and 27,640,301
shares issued in August 2022 pursuant to the terms of subscription agreements (the August 2022 PIPE Subscription Agreements and together with the February 2022 PIPE Subscription Agreements, the Subscription
Agreements) entered into with certain of the Selling Securityholders (the August 2022 PIPE Investors and such transactions are collectively referred to herein as the August 2022 PIPE Financing, and
together with the February 2022 PIPE Financing, the PIPE Financings).
We are registering 65,644,695 shares of our
Common Stock held by certain of the Selling Securityholders pursuant to the terms of an Investor Rights Agreement we entered into concurrently with the Business Combination Agreement, including (a) 58,407,195 shares of Common Stock issued to former
securityholders of GreenLight pursuant to the Business Combination Agreement, (b) 5,175,000 shares of Common Stock issued to our initial securityholders and (c) 2,062,500 shares of Common Stock issuable upon the exercise of private placement
warrants we issued to our initial securityholders (the Private Placement Warrants). Separately, we are registering 1,310,590 outstanding shares of Common Stock, and 7,251,673 shares of Common Stock issuable upon exercise of stock
options, held by certain members of our Board of Directors and executive officers.
We are also registering the issuance of shares of
Common Stock underlying the Public Warrants pursuant to the terms of a Warrant Agreement, dated January 13, 2021, between us and Continental Stock Transfer and Trust Company (the Warrant Agreement).
Selling Securityholders for whom we previously registered an aggregate of 6,871,454 shares of GreenLight Stock have sold, transferred or
otherwise disposed of all such shares and are omitted from the following table. We will not receive any proceeds from the sale of the shares by the Selling Securityholders. We will receive the proceeds from any exercise of the warrants for cash.
We will bear all costs, expenses and fees in connection with the registration of the shares of Common Stock. The Selling Securityholders
will bear all commissions and discounts, if any, attributable to their sales of the shares of Common Stock.
Our Common Stock is listed on
the Nasdaq Capital Market (Nasdaq) under the symbol GRNA and our warrants are listed on Nasdaq under the symbol GRNAW. On March 15, 2023, the closing sale price of our Common Stock as reported on Nasdaq was
$0.41, and the closing sale price of our warrants as reported on Nasdaq was $0.06.
We are an emerging growth company under
applicable Securities and Exchange Commission rules and, as such, have elected to comply with certain reduced public company disclosure requirements for this prospectus and future filings. See Prospectus Summary-Implications of Being an
Emerging Growth Company.
Our business and investment in our Common Stock involve a high degree of risk. These risks are
described in the section titled Risk Factors beginning on page 12 of this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed
upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The date of this
prospectus is March 28, 2023.