---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-026595"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T16:18:11.783392+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tilray Brands launches $250M ATM equity program to fund acquisitions, targeting U.S. cannabis rescheduling

## Summary
- May offer and sell up to $250M of common stock through TD Securities and Jefferies in at-the-market offerings.
- Net proceeds intended to fund strategic and accretive acquisitions, not general working capital.
- Company aims to capitalize on expected U.S. cannabis rescheduling and expansion opportunities.
- Sales will be made at prevailing market prices; no obligation to sell any shares.
- Existing shelf registration statement (Form S-3) effective since October 2022; prospectus supplement filed May 17, 2024.

## SEC filing metadata
- accession: 0001140361-24-026595
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036124026595/0001140361-24-026595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036124026595/ny20029327x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-026595
- JSON: https://secwatch.observer/filing/0001140361-24-026595.json
- Plain text: https://secwatch.observer/filing/0001140361-24-026595.txt

## Key facts
- Material Agreements
  Tilray Brands, Inc. entered into Equity Distribution Agreement with TD Securities (USA) LLC and Jefferies LLC valued at up to $250,000,000 (effective 2024-05-17).
  - Action: entry
  - Agreement: atm program
  - Counterparty: TD Securities (USA) LLC and Jefferies LLC
  - Value: up to $250,000,000
  - Effective: 2024-05-17
  source text: On May 17, 2024 , Tilray Brands, Inc. (the “ Company ” or “ Tilray ”) entered into an equity distribution agreement (the “ Equity Distribution Agreement ”) with TD Securities (USA) LLC and Jefferies LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036124026595/0001140361-24-026595-index.htm

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