Jushi Holdings Inc. (JUSHF): debt financing — CEO James Cacioppo agrees to take 2022 bonus in $250K cash, $750K notes, and warrants

Jushi Holdings Inc.

CEO James Cacioppo's $750,000 2022 annual bonus restructured: $250K cash, $750K in 12% second lien notes, and warrants for ~$375K in shares.
Notes carry 12% interest, mature Dec 7, 2026; warrants exercise price set at 25% premium to VWAP or higher.
Issuance of notes and warrants is unregistered, relying on Regulation D exemption.
Move preserves cash for working capital; CEO continues to invest in company.
Additional notes issued under same indenture as existing $69M private placement closed Dec 2022.

item 2.03 item 5.02 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.7

Jushi Holdings Inc. incurred senior notes of $750,000 principal amount.

Instrument: senior notes
Principal: $750,000 principal amount
Event: incurrence

Exact text from the filing

The information set forth in Item 5.02 of this Current Report on Form 8-K describing the issuance of $750,000 principal amount of additional Notes (as defined below) is incorporated into this Item 2.03 by reference.

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Jushi Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-008496

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