Tilray Brands shares are trading lower after the company announced pricing of a registered offering of $150 million of unsecured convertible senior notes.
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands announced the pricing of a registered offering of $150 million of unsecured convertible senior notes, causing its shares to trade lower.
May 26, 2023 | 12:29 pm
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Tilray Brands' shares are trading lower after announcing a $150 million unsecured convertible senior notes offering.
The announcement of the $150 million unsecured convertible senior notes offering has led to a decline in Tilray Brands' share price. Investors may be concerned about the potential dilution of shares and the increased debt load on the company.
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