Charlotte's Web sells BAT up to 14.8 million shares in US$10 million private placement

Direxion Daily CSI China Int -0.92%

Direxion Daily CSI China Int

CWEB

30.07

-0.92%

  • Charlotte’s Web entered subscription agreement with British American Tobacco unit BT DE Investments for private placement of common shares worth USD 10 million.
  • Issue price set at greater of CAD 0.94 per share or TSX maximum-discount price based on 5-day VWAP; issuance capped at 14,760,638 shares.
  • Closing expected on or around May 28, 2026.
  • Concurrent amendment will cut conversion price on BAT’s CAD 75.3 million convertible debenture to CAD 0.94, enabling conversion into 95,281,277 shares.
  • Private placement combined with debenture conversion expected to issue about 110 million shares to BAT, representing total equity commitment of about CAD 103 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charlotte's Web Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001750155-26-000036), on April 01, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.