---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-025828"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:00:20.572215+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Tilray exchanges $19.8M of 5.25% convertible notes for 13.1M shares

## Summary
- Issued up to 13.1M shares of common stock to an unrelated party in exchange for $19.8M aggregate principal of 5.25% Convertible Senior Notes due June 2024.
- After the exchange, no 2024 Convertible Notes remain outstanding.
- Shares issued in reliance on Section 3(a)(9) exemption; no commission or remuneration paid.
- Transaction reduces debt by eliminating the convertible notes, adding dilution of approximately 13.1M shares.

## SEC filing metadata
- accession: 0001140361-24-025828
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036124025828/0001140361-24-025828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036124025828/ef20029021_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-025828
- JSON: https://secwatch.observer/filing/0001140361-24-025828.json
- Plain text: https://secwatch.observer/filing/0001140361-24-025828.txt

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