Green Thumb Industries Inc. (GTBIF) and affiliate RSLGH, LLC filed a Form 4 reporting a debt-to-equity move on November 3, 2025. RSLGH converted a November 2024 convertible note into pre-funded warrants.
The conversion covered $10,000,000 of principal plus $175,000 of accrued interest, issuing 3,222,997 pre-funded warrants at a warrant conversion price of $3.157. The warrants are exercisable at $0.001 per share. A 49.99% beneficial ownership limitation applies, and exercise is also subject to stockholder approval under applicable Nasdaq listing rules, to the extent required.
Green Thumb Industries’ indirect subsidiary RSLGH, LLC reported acquiring 141,343 pre-funded warrants of RYTHM, Inc. (RYM) on a Form 4. The warrants carry a $0.001 exercise price and were issued as payment under the Amended and Restated Shared Services Agreement. The share count was calculated using $26.68 per warrant-equivalent. The warrants are subject to a 49.99% beneficial ownership limitation, and exercise is subject to stockholder approval under applicable Nasdaq listing rules, to the extent required.