Tilray Executes Debt-for-Equity Swaps to Strengthen Finances

Tilray (TLRY) has released an update to notify the public and investors about the unregistered sales of equity securities.

Tilray Brands, Inc. has successfully completed a series of debt-for-equity swaps with independent parties, exchanging around $12.54 million of its convertible notes for approximately 6.87 million new shares of common stock. This strategic move, aimed at strengthening the company’s financial position before the June 2024 notes maturity, was executed without a registration under the Securities Act, utilizing an exemption that allows such transactions without paying commissions.

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For a comprehensive understanding of the announcement, you can read the full document here.