---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-021037"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2025-06-23T23:59:59+00:00"
generated_at: "2026-05-18T23:54:50.123511+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Tilray issues 12.6M shares in exchange for $5M of 5.20% Convertible Notes due 2027

## Summary
- Issued 12,591,816 common shares to retire $5M principal of 5.20% Convertible Senior Notes due June 1, 2027.
- Transaction was with an unrelated third-party noteholder; no commissions or solicitation fees paid.
- Shares issued under Section 3(a)(9) of the Securities Act, exempt from registration.
- Exchange reduces outstanding convertible debt by $5M and adds ~1.7% dilution to existing shareholders.

## SEC filing metadata
- accession: 0001437749-25-021037
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2025-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000143774925021037/0001437749-25-021037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000143774925021037/tlry20250621_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-021037
- JSON: https://secwatch.observer/filing/0001437749-25-021037.json
- Plain text: https://secwatch.observer/filing/0001437749-25-021037.txt

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