---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-024650"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2026-06-09T20:31:15+00:00"
generated_at: "2026-06-09T20:32:53.137329+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Tilray issues 1.2M shares to convert $6M debt, plus 398k shares for Lyphe deal

## Summary
- Issued 398,666 shares as partial consideration for the Lyphe Group acquisition.
- Exchanged 1,214,186 shares to retire $6M principal of 5.20% Convertible Senior Notes due 2027.
- Shares issued unregistered under Sections 4(a)(2) and 3(a)(9) of the Securities Act.
- Implied conversion price of ~$4.94 per share on the debt-for-equity exchange.

## SEC filing metadata
- accession: 0001140361-26-024650
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2026-06-09T20:31:15+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036126024650/0001140361-26-024650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036126024650/ef20075844_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-024650
- JSON: https://secwatch.observer/filing/0001140361-26-024650.json
- Plain text: https://secwatch.observer/filing/0001140361-26-024650.txt

## Key facts
- Equity Issuances
  Tilray Brands, Inc. issued 1,214,186 shares of Common Stock of common stock to an unrelated party for $6 million aggregate principal amount of the Company's 5.20% Convertible Senior Notes due June 15, 2027.
  - Security: common stock
  - Shares: 1,214,186 shares of Common Stock
  - Purchaser: an unrelated party
  - Consideration: $6 million aggregate principal amount of the Company's 5.20% Convertible Senior Notes due June 15, 2027
  source text: On June 3, 2026, the Company entered into a private debt-for-equity exchange transaction (the “Exchange Transaction”) with an unrelated party. Pursuant to the Exchange Transaction, the Company issued an aggregate of 1,214,186 shares of Common Stock in exchange for $6 million aggregate principal amount of the Company’s 5.20% Convertible Senior Notes due June 15, 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036126024650/0001140361-26-024650-index.htm

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