{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-027543","form_type":"8-K","ticker":"TLRY","cik":"0001731348","company_name":"Tilray Brands, Inc.","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.281681+00:00","generated_at":"2026-06-14T10:39:14.970907+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Tilray issues $150M 5.20% convertible notes due 2027; repurchases $135M of existing notes","bullets":["Offering of $150M aggregate principal amount; underwriters have 30-day option for additional $22.5M.","Notes bear 5.20% interest, mature June 15, 2027, convertible at ~$2.66 per share (12.5% premium to $2.36 close).","Net proceeds of ~$144.8M; $138.3M used to repurchase $12.5M of 2023 notes and $122.5M of 2024 notes.","Remaining proceeds for general corporate purposes.","Entered share lending agreement for up to 38.5M new shares to facilitate note purchasers' hedges; nominal fee received."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-027543","json":"https://secwatch.observer/filing/0001140361-23-027543.json","markdown":"https://secwatch.observer/filing/0001140361-23-027543.md","text":"https://secwatch.observer/filing/0001140361-23-027543.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1731348/000114036123027543/0001140361-23-027543-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1731348/000114036123027543/ny20009174x9_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:39:14.970907+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d87c44500237c26c74bb04e44b3fb042fb1b4a7","claim":"Tilray Brands, Inc. incurred convertible notes of $150,000,000 aggregate principal amount with Jefferies LLC and BofA Securities, Inc. at 5.20% maturing mature on June 15, 2027.","evidence_excerpt":"Tilray Brands, Inc. (“Tilray”) completed its registered underwritten public offering of $150,000,000 aggregate principal amount of 5.20% Convertible Senior Notes due 2027 (the “notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731348/000114036123027543/0001140361-23-027543-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$150,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Jefferies LLC and BofA Securities, Inc."},{"label":"Rate","value":"5.20%"},{"label":"Maturity","value":"mature on June 15, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"233a0f68cc5565238f2a46a636351584993a670c","claim":"Tilray Brands, Inc. entered into Underwriting Agreement with Jefferies LLC and BofA Securities, Inc., as representatives of the several underwriters valued at $150,000,000 aggregate principal amount (effective 2023-05-25).","evidence_excerpt":"On May 31, 2023, Tilray Brands, Inc. (“Tilray”) completed its registered underwritten public offering of $150,000,000 aggregate principal amount of 5.20% Convertible Senior Notes due 2027 (the “notes”) pursuant to an underwriting agreement, dated May 25, 2023 (the “Underwriting Agreement”), among Tilray, and Jefferies LLC and BofA Securities, Inc., as representatives of the several underwriters named therein (collectively, the “Underwriters”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731348/000114036123027543/0001140361-23-027543-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Jefferies LLC and BofA Securities, Inc., as representatives of the several underwriters"},{"label":"Value","value":"$150,000,000 aggregate principal amount"},{"label":"Effective","value":"2023-05-25"}],"fact_type":"material_agreement"},{"claim_id":"c41daa596b31ed08a8ee6d2d0cb90a6333473bff","claim":"Tilray Brands, Inc. entered into Indenture with Computershare Trust Company, N.A. valued at $150,000,000 aggregate principal amount (effective 2023-05-31).","evidence_excerpt":"Tilray and Computershare Trust Company, N.A., as trustee (the “Trustee”) entered into an indenture (the “Base Indenture”) and a first supplemental indenture (the “First Supplemental Indenture” and together with the Base Indenture, the “Indenture”), each dated May 31, 2023, providing for issuance of the notes.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731348/000114036123027543/0001140361-23-027543-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Value","value":"$150,000,000 aggregate principal amount"},{"label":"Effective","value":"2023-05-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}