---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-035138"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:12:10.824309+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Tilray exchanges $18.5M of convertible notes for 9.6M shares in private transactions

## Summary
- Issued 9,601,538 common shares to retire $18.5M aggregate principal of 5.25% Convertible Senior Notes due June 2024.
- Two private debt-for-equity exchanges closed on Dec 15 and Dec 21, 2023.
- Shares issued under Section 3(a)(9) exemption; no commissions paid for solicitation.
- Transaction reduces debt by $18.5M but increases diluted share count by approximately 1%.
- Retires notes with near-term maturity (June 2024), eliminating refinancing risk for that tranche.

## SEC filing metadata
- accession: 0001437749-23-035138
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000143774923035138/0001437749-23-035138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000143774923035138/tlry20231221_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-035138
- JSON: https://secwatch.observer/filing/0001437749-23-035138.json
- Plain text: https://secwatch.observer/filing/0001437749-23-035138.txt

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