Corporate ActionJun 30, 2026, 05:07 PM
Tilray Brands Issues 2.64M Shares for $12M Convertible Notes
AI Summary
Tilray Brands, Inc. completed private debt-for-equity exchange transactions between June 15 and June 24, 2026. The company issued an aggregate of 2,638,341 shares of its common stock. This issuance was in exchange for $12 million aggregate principal amount of its 5.20% Convertible Senior Notes due June 15, 2027, reducing its outstanding debt.
Key Highlights
- Tilray Brands issued 2,638,341 shares of common stock.
- Shares were exchanged for $12 million in 5.20% Convertible Senior Notes.
- The notes were due on June 15, 2027.
- Transactions occurred between June 15, 2026, and June 24, 2026.
- Shares were issued without registration under Section 3(a)(9) of the Securities Act.
Price Impact
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