---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-006857"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:49:28.063531+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tilray to issue up to 23M shares in exchange for $14.6M convertible notes

## Summary
- Up to 23M shares issued in private exchange for $14.6M principal of 5.20% Convertible Notes due June 2027.
- Debt-for-equity swap executed with unrelated parties; no commissions paid.
- Reduces $14.6M debt but dilutes existing shareholders; shares unregistered under Section 3(a)(9).

## SEC filing metadata
- accession: 0001437749-25-006857
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000143774925006857/0001437749-25-006857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000143774925006857/tlry20250310_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-006857
- JSON: https://secwatch.observer/filing/0001437749-25-006857.json
- Plain text: https://secwatch.observer/filing/0001437749-25-006857.txt

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