secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001140361-24-025828
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000114036124025828/0001140361-24-025828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000114036124025828/ef20029021_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-025828

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