secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001140361-24-024630
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000114036124024630/0001140361-24-024630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000114036124024630/ef20028587_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-024630

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