secwatch.observer — SEC 8-K summary
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Issuer:     iANTHUS CAPITAL HOLDINGS, INC. (ITHUF)
CIK:        0001643154
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000950170-24-018879
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643154/000095017024018879/0000950170-24-018879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643154/000095017024018879/ithuf-20240216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-018879

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