Leafly appoints Peter Lee as President and COO; converts $275K of notes at adjusted price

Leafly Holdings, Inc. /DE

Peter Lee appointed President and COO effective May 1, 2024; remains on Board.
Base salary of $450,000, signing bonus $187,500, annual incentive up to 60% of base.
Note holders agreed to conversion price adjustment to $2.8405; $275K converted into 96,813 shares.
Lee previously President/CFO of Merida Merger Corp. prior to Leafly's go-public.
Severance agreement provides 12 months salary and COBRA for qualified termination.

item 1.01 item 5.02 item 7.01 item 9.01

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Appointed

Peter Lee

President and Chief Operating Officer

Leafly Holdings, Inc. /DE

Effective: 2024-05-01
Filed: May 7, 2024, 7:59 PM ET

Effective May 1, 2024, Peter Lee, age 47, entered into an offer letter with the Company to serve as President and Chief Operating Officer of the Company on at-will basis.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Lee was appointed as President and Chief Operating Officer at Leafly Holdings, Inc. /DE.

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

Effective May 1, 2024, Peter Lee, age 47, entered into an offer letter with the Company to serve as President and Chief Operating Officer of the Company on at-will basis.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Leafly Holdings, Inc. /DE amended Notice with each of the holders of the Note (effective 2024-05-07).

Action: amendment
Agreement: notes offering
Counterparty: each of the holders of the Note
Effective: 2024-05-07

Exact text from the filing

On May 7, 2024, Leafly Holdings, Inc. (the “Company”) and each of the holders (each a “Holder” and collectively, the “Holders”) of that certain global note representing 8.00% Convertible Senior Notes due 2025 between the Company, Ankura Trust Company, as agent, and Continental Stock Transfer & Trust Company, as authentication agent, dated February 4, 2022 (the “Note”) executed a notice of conversion and consent (the “Notice”) to effect a temporary and limited adjustment to the conversion price under the Note.

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Source: SEC EDGAR

accession 0000950170-24-054750

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