Tilray Brands, Inc. has entered into a private debt-for-equity exchange, issuing 1,214,186 shares of common stock to retire $6 million of its convertible senior notes. This move reduces the company's outstanding debt. The filing also disclosed a previous issuance of stock related to the acquisition of the Lyphe Group.
Key Details
- Debt-for-Equity Exchange: On June 3, 2026, Tilray issued 1,214,186 shares in exchange for retiring $6 million in aggregate principal of its 5.20% Convertible Senior Notes due June 15, 2027.
- Acquisition-Related Issuance: The company also reported issuing 398,666 shares of common stock on April 15, 2026, as partial consideration for its acquisition of the Lyphe Group.
- Unregistered Securities: Both issuances were conducted as private transactions and were exempt from registration under the Securities Act of 1933.