Jushi Holdings Inc. (JUSHF): debt financing — Jushi CEO waives $950K compensation, gets $1.15M notes; option repricing for 3.2M shares

Jushi Holdings Inc.

CEO Cacioppo waives $100K salary increase and $850K bonus, cancels 3M options; receives $212,500 cash, $1.15M in 12% second lien notes due 2026, and ~$575K warrants.
Option repricing program for 3,224,000 options (11% of plan) held by 7 senior managers and 3 independent directors; options cancelled and reissued at current trading price.
CFO Michelle Mosier offered cancellation of warrants for 200,000 SVS at $1.75, to be reissued with different exercise price and shorter expiration.
Company cites need to retain talent, manage share reserve, and conserve cash; CEO not eligible for repricing program.

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 0.9

Jushi Holdings Inc. incurred senior notes of $1,150,000 aggregate principal amount with James Cacioppo at 12%.

Instrument: senior notes
Principal: $1,150,000 aggregate principal amount
Counterparty: James Cacioppo
Rate: 12%
Event: incurrence

Exact text from the filing

US$1,150,000 aggregate principal amount of 12% second lien notes on the same terms as the notes that were issued by the Company in its private placement that was completed in December 2022

View on SEC.gov

222 debt financings filed in the last 30 days. Browse all debt financings →

Jushi Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-039217

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.