Tilray to issue up to 15.2M shares in exchange for $24M of convertible notes

Tilray Brands, Inc.

Between April 24 and May 6, 2024, Tilray entered private debt-for-equity exchanges with unrelated parties.
Up to 15.2 million common shares will be issued for $24 million aggregate principal of 5.25% Convertible Senior Notes due June 1, 2024.
Shares issued under Section 3(a)(9) exemption; no commission or remuneration paid for the exchange.
Exchange reduces outstanding debt by $24M but increases diluted share count by up to 15.2M shares.

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