secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001140361-23-007736
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tilray acquires $6.65M note from DDH, issues 2.2M common and 120K Series A preferred shares
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- Acquired promissory note of $6,648,304 from Double Diamond Holdings (DDH) in exchange for 2,208,739 Class 2 common shares and 120,000 Series A preferred shares.
- Series A Preferred Stock has 1,000 votes per share, voting only on Charter Amendments to simplify capital structure to two classes.
- DDH entered Voting Agreement to vote shares in favor of Charter Amendments and granted irrevocable proxy to Tilray.
- Preferred Stock automatically converts to Common Stock upon stockholder approval of Charter Amendments.
- Transfer of Preferred Stock is restricted under Voting Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000114036123007736/0001140361-23-007736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000114036123007736/ny20007663x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-007736

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