other material
confidence high
sentiment neutral
materiality 0.35
Tilray issues 1.88M shares to exchange $12M in convertible notes due 2027
Tilray Brands, Inc.
- Issued 1,879,696 common shares in private debt-for-equity exchange for $12M principal of 5.20% Convertible Senior Notes due June 15, 2027.
- Notes carried 5.20% coupon; transactions occurred between April 1 and April 8, 2026.
- Shares issued under Section 3(a)(9) exemption; no commission or remuneration paid for soliciting exchanges.
- Exchange reduces outstanding convertible debt by $12M while increasing common share count by ~1.9M.