M&A - Jushi Holdings Inc.

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025009485

Filing Summary: On February 25, 2025, Jushi Holdings Inc. issued US$3,719,000 principal amount of 12% Second Lien Notes and C$2,000,000 principal amount of Notes in a private placement. The notes were accompanied by Warrants allowing the purchase of subordinate voting shares. The company reported net proceeds of US$3,347,100 and C$1,800,000 from the issuance. The Warrants permit the purchase of up to 8,544,666 subordinate voting shares with an exercise price tied to market conditions. Notably, the acquisition of these Warrants was made by Jim Cacioppo, the Company’s CEO. Tobi Lebowitz, the Chief Legal Officer, announced her resignation effective March 28, 2025, with no noted disagreements contributing to her departure. The proceeds from the issuance are intended for general corporate purposes, including potential acquisitions.