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8-K ·Filed Apr 15, 2026

TLRY

Tilray Brands, Inc.
NEUTRAL
Impact 4/10
Horizondays Processed6mo ago SEC0001140361-26-014692
8-K Item 1.01 + 5.02 (likely routine officer/director compensation agreement)
Actionable Insight • Neutral

Monitor for actual share sales under this program, which could create near-term dilution. The 3% commission is standard for ATM programs. The proceeds allocation to beverage expansion suggests strategic focus on this segment.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
TLRY ▼ -36.40% at T+60d
NEUTRAL call -36.40% · α vs SPY -44.54% · entry $6.95 → $4.42
Entry = T+0 close
Apr 15, 2026
via day close
T+1d
-2.30%
call -2.30% · α -2.56%
$6.79
settled 6mo ago
T+5d
+13.24%
call +13.24% · α +11.60%
$7.87
settled 6mo ago
T+20d
-22.16%
call -22.16% · α -28.20%
$5.41
settled 6mo ago
T+60d
-36.40%
call -36.40% · α -44.54%
$4.42
settled 4mo ago

Price Chart

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Executive Summary

Tilray Brands entered into an at-the-market (ATM) equity offering program to sell up to $180 million in common stock through Jefferies, TD Securities, and Roth Capital Partners as agents. The company will use proceeds to support its global beverage platform expansion. This is a routine capital-raising mechanism with no immediate financial impact.

Key Financial Metrics

Deal Value
$180.0M

Key Facts

  • Tilray Brands established an ATM equity program to sell up to $180 million in common stock
  • Jefferies, TD Securities, and Roth Capital Partners will act as sales agents
  • The company will pay agents a commission of up to 3% of gross proceeds
  • Proceeds will support expansion of the global beverage platform
  • The offering is subject to market conditions and there is no obligation to sell any shares

Financial Impact

Up to $180 million in potential equity issuance with 3% commission to agents

dilutioncash_flow

Risk Factors

  • Potential share dilution if the full $180 million is issued
  • Market perception of equity issuance as a negative signal

Market Snapshot

Exchange
Nasdaq
Sector
Medicinal Chemicals & Botanical Products

Investment Themes

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001140361-26-014692
Document: ny20066669x2_8k.htm0001140361-26-014692
Document: ny20066669x2_ex99-1.htm0001140361-26-014692
Document: ny20066669x2_ex5-1.htm0001140361-26-014692
Document: 0001140361-26-014692-index-headers.html0001140361-26-014692
Document: 0001140361-26-014692-index.html0001140361-26-014692
Document: 0001140361-26-014692.txt0001140361-26-014692
16 reports for TLRY
Performance horizon
67% Hit rate @ T+1 4 of 6 directional calls Went positive at some point 4 of 6 best @ T+60▲ +36.40%Apr 15, 2026
Filters
Rows
Reports for TLRY — sortable, filterable
TypeNow
Oct 8, 2026
18d ago
8-K
BEARISH ★ 6/10
$3.59 $3.54▲ +1.39%▲ +1.99%$2.72 (+24.23%)
Sep 25, 2026
4w ago
Press Release
NEUTRAL ★ 1/10
$4.13awaiting T+1—$2.72 (−34.14%)
Aug 10, 2026
11w ago
8-K
NEUTRAL ★ 4/10
$4.78 $4.68▼ −2.09%▼ −2.34%$2.72 (−43.10%)
Jul 13, 2026
15w ago
Press Release
NEUTRAL ★ 1/10
$4.38awaiting T+1—$2.72 (−37.90%)
Jun 30, 2026
16w ago
8-K
NEUTRAL ★ 4/10
$4.43 $4.62▲ +4.29%▲ +4.42%$2.72 (−38.60%)
Jun 29, 2026
17w ago
Press Release
NEUTRAL ★ 4/10
$4.49 $4.43▼ −1.34%▼ −1.20%$2.72 (−39.42%)
Apr 15, 2026
27w ago
424B5
BEARISH ★ 6/10
$6.95 $6.79▲ +2.30%▲ +2.56%$2.72 (+60.86%)
Apr 15, 2026
27w ago
8-K
NEUTRAL ★ 4/10
$6.95 $6.79▼ −2.30%▼ −2.56%$2.72 (−60.86%)
Apr 15, 2026
27w ago
Press Release
MIXED ★ 6/10
$6.95 $6.79▼ −2.30%▼ −2.56%$2.72 (−60.86%)
Apr 1, 2026
29w ago
8-K
MIXED ★ 6/10
$6.14 $6.55▲ +6.68%▲ +6.60%$2.72 (−55.70%)
Showing 10 of 16

US Market Status

Market Closed — Opens Wed (10h 4m)

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Report published Apr 15, 2026