debt
confidence high
sentiment positive
materiality 0.65
Jushi raises $9.7M via ERC factoring and Second Lien Notes offering
Jushi Holdings Inc.
- Sold ~$6.0M ERC refund claims for net proceeds of $5.1M; $3.0M more ERC claims remain with IRS.
- Issues $5.1M aggregate principal of 12% Second Lien Notes due 2026 at 10% OID, net proceeds ~$4.6M.
- Issues warrants for up to 8.6M shares, 5-year term, exercise price $0.45-$0.50 (50% VWAP premium).
- Insider participation: CEO Cacioppo entity buys $3.7M Notes (6.2M warrants); founder Arsenault buys C$2M Notes (2.4M warrants).
- Proceeds for general corporate purposes, working capital, capex, and potential acquisitions.