Company: JUSHF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023749
Chunk: 38

Company: Jushi Holdings Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 2
Chunk 38
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Item 2. Unregistered Sale of Equity Securities and Use of Proceeds

In February 2025, the Company issued 8,010,626 five-year warrants to purchase SVS of the Company (the “Warrants”) at a strike price of $0.48 per SVS. We issued the Warrants in reliance on the exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”), in Section 4(a)(2) of the Securities Act and/or Regulation D and Regulation S thereunder. The Warrants were issued by the Company in connection with, but were detached from, the 12% second lien notes due 2026 (“Second Lien Notes”). Refer to Note 8 - Debt for additional information. An entity affiliated with James Cacioppo, the Company’s Chief Executive Officer, Chairman and Founder, purchased additional Second Lien Notes and received 5,810,938 Warrants, and Denis Arsenault, a Founder and significant equity holder of the Company, purchased additional Second Lien Notes and received 2,199,688 Warrants.