iAnthus extends $15.8M bridge notes maturity to Feb 2026, pays 10% fee in shares

iANTHUS CAPITAL HOLDINGS, INC.

Maturity of secured bridge notes extended from Feb 16, 2024 to Feb 16, 2026.
Interest rate remains 12% p.a.; interest after Feb 16, 2024 payable in quarterly cash.
Amendment fee of 10% of principal (~$1.58M) satisfied by issuing ~61.3M common shares at C$0.0348/share.
Company must use 25% of Non-Operational Cash Receipts over $5M to repay principal.
Lenders include affiliates of Gotham Green Partners, Oasis Management, and Senvest Management.

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