---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-003428"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:44:06.732496+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Tilray to issue up to 21M shares in exchange for $22M in convertible notes

## Summary
- Issues up to 21M common shares for $22M aggregate principal of 5.20% Convertible Senior Notes due 2027.
- Transactions executed privately under Section 3(a)(9) exemption from January 28 to February 5, 2025.
- Reduces debt by $22M, lowering future interest obligations on the 5.20% notes.
- Dilution impact: up to 21M new shares, ~3% of current outstanding (based on ~700M shares).

## SEC filing metadata
- accession: 0001140361-25-003428
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2025-02-06T23:59:59+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/1731348/000114036125003428/0001140361-25-003428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036125003428/ef20042764_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-003428
- JSON: https://secwatch.observer/filing/0001140361-25-003428.json
- Plain text: https://secwatch.observer/filing/0001140361-25-003428.txt

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