M&A - BT DE Investments Inc.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025031123

Filing Summary: This document represents Amendment No. 6 to the Schedule 13D originally filed regarding BT DE Investments Inc.'s acquisition of shares in Organigram Holdings Inc. The amendment details the completion of the third tranche of a private placement involving common and preferred shares. Following the third tranche, which closed on February 28, 2025, BT DE Investments Inc. owns 40,134,389 common shares and 13,794,163 preferred shares, making up 30% of the voting common shares and 100% of the preferred shares outstanding. The total subscription amount across all tranches is C$124,559,674.36, funded through dividends from BAT's other U.S. subsidiaries. The Preferred Shares issued are convertible into common shares while limiting BT DE Investments Inc. to a 30% ownership threshold. Governance rights and nomination rights for the board are also detailed, allowing BT DE to nominate up to 30% of the board while holding specific ownership stakes.