Jushi Holdings Inc. (JUSHF): debt financing — Jushi closes $5.1M private placement of 12% notes and warrants with insider participation; CLO departs

Jushi Holdings Inc.

Issued US$3.719M and C$2.0M of 12% second lien notes due Dec 2026, plus warrants for 8.5M subordinate voting shares.
CEO-affiliated entity purchased US$3.719M notes, received warrants for up to 6.2M shares; Founder acquired C$2.0M notes.
CEO's beneficial ownership increases from 17.9% to 19.9%-20% on as-converted basis after offering.
Net proceeds of ~$5.1M (US$3.35M + C$1.8M) for general corporate purposes.
Chief Legal Officer Tobi Lebowitz resigned effective March 28, 2025; no disagreement.

item 2.03 item 8.01 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Tobi Lebowitz

Chief Legal Officer and Corporate Secretary

JUSHF · Jushi Holdings Inc.

Effective: 2025-03-28
Filed: March 3, 2025, 6:59 PM ET

On February 26, 2025, Tobi Lebowitz, Chief Legal Officer and Corporate Secretary of Jushi Holdings Inc. (the “Company”), resigned from the Company effective March 28, 2025.

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 loan of US$3,719,000 with James Cacioppo at 12% maturing due 2026.

Instrument: loan
Principal: US$3,719,000
Counterparty: James Cacioppo
Rate: 12%
Maturity: due 2026
Event: incurrence

Exact text from the filing

consisting of the issuance of a US$3,719,000 12% second lien promissory note due 2026 and the Warrant.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tobi Lebowitz resigned as Chief Legal Officer and Corporate Secretary at Jushi Holdings Inc..

Action: resigned
Role: Chief Legal Officer and Corporate Secretary

Exact text from the filing

On February 26, 2025, Tobi Lebowitz, Chief Legal Officer and Corporate Secretary of Jushi Holdings Inc. (the “Company”), resigned from the Company effective March 28, 2025.

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 0001628280-25-009485

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