TILT Holdings Inc.: debt financing — TILT Holdings files for CCAA creditor protection, plans to take company private

TILT Holdings Inc.

Filed for CCAA creditor protection in British Columbia Supreme Court; PwC appointed monitor.
Intends to cancel all existing equity and issue new shares to senior noteholders, taking company private.
Issued up to US$2.0M in bridge notes (10% funded rate, maturity June 2026) from existing noteholders including related parties (Scatterday, Crompton, Draizin).
Trading halted on Cboe Canada and OTCID; expects delisting and end of public reporting.
CEO Tim Conder states restructuring will reduce public company expenses ~$2.5M annually; Jupiter founder Mark Scatterday returns full-time.

item 1.01 item 1.03 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TILT Holdings Inc. incurred senior notes of aggregate principal amount of up to US$2,000,000 with Jordan Geotas, as the noteholder representative on behalf of the purchasers named therein at 10% if the note is identified as a funded note or does not bear interest if the maturing June 1, 2026.

Instrument: senior notes
Principal: aggregate principal amount of up to US$2,000,000
Counterparty: Jordan Geotas, as the noteholder representative on behalf of the purchasers named therein
Rate: 10% if the note is identified as a funded note or does not bear interest if the
Maturity: June 1, 2026
Event: incurrence

Exact text from the filing

Pursuant to the 2025 NPA, Subsidiary Borrowers issued by way of private placement senior secured promissory notes in the aggregate principal amount of up to US$2,000,000 (the “2025 Bridge Notes”) to the holders with a maturity date of June 1, 2026

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Source: SEC EDGAR

accession 0001104659-25-108571

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