---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-024630"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:17:52.461917+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-024630
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036124024630/0001140361-24-024630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036124024630/ef20028587_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-024630
- JSON: https://secwatch.observer/filing/0001140361-24-024630.json
- Plain text: https://secwatch.observer/filing/0001140361-24-024630.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.