Summary by Moomoo AI
Tilray Brands, Inc., a company listed on the Nasdaq Global Select Market under the symbol TLRY, has reported the completion of private debt-for-equity exchange transactions. These transactions occurred between January 10, 2024, and January 31, 2024, involving unrelated parties. In this strategic financial move, Tilray Brands issued a total of 6,873,001 shares of its common stock, which has a par value of $0.0001 per share. The shares were exchanged for the aggregate principal amount of $12,540,000 of the company's 5.25% Convertible Senior Notes that are due on June 1, 2024. The issuance of these shares was conducted without registration under the Securities Act of 1933, in accordance with the exemption provided by Section 3(a)(9) of the Act. This exemption allows for the exchange of securities with an existing security holder without the need for registration, provided that no commission or remuneration is paid for soliciting the exchange. The report of these transactions was officially signed by Mitchell Gendel, Global General Counsel for Tilray Brands, on February 6, 2024.