Summary by Moomoo AI
Tilray Brands, Inc., a company listed on the Nasdaq Global Select Market under the trading symbol TLRY, has reported the completion of private debt-for-equity exchange transactions between April 24, 2024, and May 6, 2024. The transactions involved the issuance of approximately 15.2 million shares of common stock in exchange for $24 million aggregate principal amount of the company's 5.25% Convertible Senior Notes due on June 1, 2024. These shares were issued pursuant to an exemption under Section 3(a)(9) of the Securities Act of 1933, meaning they were exchanged with existing security holders without the need for registration and without paying any commission. The report was officially signed by Mitchell Gendel, Global General Counsel of Tilray Brands, on May 7, 2024.