Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | TLLTF | Common Stock, no par value | 1.3M | Jun 18, 2022 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | TLLTF | Common Stock Warrants (right to buy) | Jun 18, 2022 | Common stock, no par value | 2.91M | $0.25 | Direct | F1, F2 | ||||||
holding | TLLTF | Employee Stock Options (right to buy) | Jun 18, 2022 | Common stock, no par value | 1.67M | $0.50 | Direct | F3, F4, F5 | ||||||
holding | TLLTF | LP Units of Jimmy Jang L.P. | Jun 18, 2022 | Common stock, no par value | 27.2M | $0.00 | See Footnote | F6, F7 | ||||||
holding | TLLTF | Rights of TILT Holdings Inc. | Jun 18, 2022 | Common stock, no par value | 27.2M | $0.00 | See Footnote | F6, F8 |
Id | Content |
---|---|
F1 | Each warrant is exercisable for one share of the Issuer's common stock, no par value ("Common Stock"). |
F2 | The exercise price of the warrants is $0.33 Canadian dollars per share of common stock. The amount in column 4 is converted to U.S. dollars using the exchange rate as of June 17, 2022 as reported by the Bank of Canada. |
F3 | Each option is exercisable for one share of Common Stock. The options are fully vested. |
F4 | The options will expire on the earlier of (i) November 21, 2029 and (ii) the date that is three months after the termination of the Reporting Person's services to the Issuer. |
F5 | The exercise price of the options is $0.65 Canadian dollars per share of common stock. The amount in column 4 is converted to U.S. dollars using the exchange rate as of June 17, 2022 as reported by the Bank of Canada. |
F6 | Each LP unit ("Unit") of Jimmy Jang L.P. ("Jimmy Jang"), a subsidiary of the Issuer, is convertible together with one right ("Right") of TILT Holdings Inc. for one share of Common Stock at any time upon request of the Reporting Person. |
F7 | The Units are held by the Mak One LLLP ("Mak One"), of which the Reporting Person is the owner of 100% of the partnership interests. |
F8 | The Rights are held by the Mak One, of which the Reporting Person is the owner of 100% of the partnership interests. |
Exhibit List: Exhibit 24.1 - Power of Attorney