Tuesday Morning Corp. - Ordinary Shares - New

NASDAQ:TUEM  
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Debt Financing / Related

Tuesday Morning Secures Commitment For Strategic Investment From Group Led By Retail Ecommerce Ventures

Published: 09/09/2022 22:35 GMT
Tuesday Morning Corp. - Ordinary Shares - New (TUEM) - Tuesday Morning Secures Commitment for Strategic Investment From Group Led by Retail Ecommerce Ventures, the Owner of Pier 1 Imports and Top Consumer Brands.
Tuesday Morning Corp - Transaction to Result in a "change in Control" of Tuesday Morning.
Tuesday Morning Corp- Terms Also Include a Licensing Agreement That Will Enable Tuesday Morning to Sell Pier 1 Products.
Tuesday Morning Corp - Retail Ecommerce Ventures and Ayon Capital Designating a Majority of Board.
Tuesday Morning Corp - Entered Into an Agreement to Secure $32 Million in Convertible Debt Financing From a Special Purpose Vehicle.
Tuesday Morning Corp - Will Enter Into a New Licensing Agreement That Will Allow Company to Sell Pier 1 Products.
Tuesday Morning - Transaction Includes Purchase by Spv of $7.5 Million in Aggregate Principal Amount of Filo C Term Loan Notes Due December 31, 2027.
Tuesday Morning Corp - Tuesday Morning's Board of Directors Will Be Reconstituted As a Nine-member Board.
Tuesday Morning Corp- Tuesday Morning's Management Team Remains in Place Under Fred Hand's Leadership As Chief Executive Officer.
Tuesday Morning Corp - Tuesday Morning's Management Team Remains in Place Under Hand's Leadership As Chief Executive Officer.
Tuesday Morning Corp - Transaction Includes Purchase by Spv of $24.5 Million of Junior Secured Exchangeable Notes Due December 31, 2027.