Item 8.01 Other Events.
On February 2, 2023, iAnthus Capital Holdings, Inc. (the "Company") issued a
press release announcing an amendment (the "Amendment") to the secured bridge
notes (the "Notes") originally issued by iAnthus New Jersey, LLC, a wholly-owned
subsidiary of the Company, on February 2, 2021 in the aggregate principal amount
of $11 million. Pursuant to the Amendment entered into with certain
related-party lenders, (i) the maturity date of the Notes was extended from
February 2, 2023 to February 2, 2024 (the "Maturity Date"), (ii) the interest
rate of the Notes was increased from 8% per annum to 12% per annum and (iii) a
fee for the Amendment equal to 10% of the principal amount of the Notes, or $1.4
million in the aggregate, was added to the Notes such that it will become due
and payable on the Maturity Date.
A copy of the press release is attached hereto as Exhibit 99.1, and the
information contained therein is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release dated February 2, 2023
104 Inline XBRL for the cover page of this Current Report on Form 8-K
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