---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-186251"
form_type: "8-K"
ticker: "ITHUF"
cik: "0001643154"
company_name: "iANTHUS CAPITAL HOLDINGS, INC."
filed_at: "2022-06-30T23:59:59+00:00"
generated_at: "2026-06-24T22:02:59.914957+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# iAnthus closes recapitalization; existing holders diluted to 2.75%, new $120M debentures issued

## Summary
- Issued 6.07B common shares to secured and unsecured lenders; existing shareholders reduced to 2.75% ownership.
- Secured debentures of $99.7M & unsecured debentures of $20M issued, both 8% due 2027; additional $25M secured debentures purchased.
- Board reconstituted: Scott Cohen, Michelle Mathews-Spradlin (Secured lenders) and Zachary Arrick, Alexander Shoghi, Marco D’Attanasio (Unsecured lenders) appointed.
- Prior directors Michael Muldowney, Diane Ellis, Robert Galvin resigned.
- Investor Rights Agreement grants board nomination rights to certain investors with voting caps until June 2025.

## SEC filing metadata
- accession: 0001193125-22-186251
- form_type: 8-K
- ticker: ITHUF
- cik: 0001643154
- company_name: iANTHUS CAPITAL HOLDINGS, INC.
- filed_at: 2022-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/d697429d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-186251
- JSON: https://secwatch.observer/filing/0001193125-22-186251.json
- Plain text: https://secwatch.observer/filing/0001193125-22-186251.txt

## Key facts
- Executive change
  Alexander Shoghi was appointed as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: appointed
  - Role: Director
  source text: the Consenting Unsecured Debentureholders nominated Zachary Arrick, Alexander Shoghi and Marco D’Attanasio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- Executive change
  Diane Ellis resigned as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: resigned
  - Role: Director
  source text: each of Michael Muldowney, Diane Ellis and Robert Galvin resigned from the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- Executive change
  Marco D’Attanasio was appointed as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: appointed
  - Role: Director
  source text: the Consenting Unsecured Debentureholders nominated Zachary Arrick, Alexander Shoghi and Marco D’Attanasio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- Executive change
  Scott Cohen was appointed as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: appointed
  - Role: Director
  source text: The Secured Lenders nominated Scott Cohen and Michelle Mathews-Spradlin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- Executive change
  Michelle Mathews-Spradlin was appointed as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: appointed
  - Role: Director
  source text: The Secured Lenders nominated Scott Cohen and Michelle Mathews-Spradlin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- Executive change
  Robert Galvin resigned as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: resigned
  - Role: Director
  source text: each of Michael Muldowney, Diane Ellis and Robert Galvin resigned from the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- Executive change
  Michael Muldowney resigned as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: resigned
  - Role: Director
  source text: each of Michael Muldowney, Diane Ellis and Robert Galvin resigned from the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm
- Executive change
  Zachary Arrick was appointed as Director at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: appointed
  - Role: Director
  source text: the Consenting Unsecured Debentureholders nominated Zachary Arrick, Alexander Shoghi and Marco D’Attanasio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000119312522186251/0001193125-22-186251-index.htm

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