Jushi completes amendments to 12% Second Lien Notes and warrants; strike reduced to $1.00

Jushi Holdings Inc.

Removed change-of-control covenant that required repurchase of Notes at 105% of principal plus accrued interest.
Reduced exercise price of detached warrants from US$2.086 to US$1.00 per subordinate voting share.
Amendments effective June 2023 with trustee (Odyssey Trust) and collateral agent (Acquiom Agency Services).
Warrants expire December 7, 2026; future adjustments will use GAAP pricing model.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Jushi Holdings Inc. amended First Amendment to Common Stock Purchase Warrants (effective 2023-06-27).

Action: amendment
Agreement: equity purchase
Effective: 2023-06-27

Exact text from the filing

The amendment to the Warrants reduces the exercise price for each subordinate voting share from US$2.086 to US$1.00 and provides that future adjustments to the Warrants, if any, will be determined using a pricing model in accordance with generally accepted accounting principles in the United States.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Jushi Holdings Inc. amended First Amendment to Trust Indenture with Odyssey Trust Company (effective 2023-06-27).

Action: amendment
Agreement: notes offering
Counterparty: Odyssey Trust Company
Effective: 2023-06-27

Exact text from the filing

On June 27, 2023, Jushi Holdings Inc. (the “Company”) entered into an amendment to the Trust Indenture, dated as of December 7, 2022, by and between the Company and Odyssey Trust Company, as Trustee (the “Indenture”),

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Jushi Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-023961

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