Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Leafly Holdings, Inc. (LFLY).
Leafly Holdings, Inc. has adjusted the conversion price of its 8.00% Convertible Senior Notes due 2025 to 5% below the previous day’s sale price of its common stock for a limited period, resulting in the issuance of 96,813 shares and a reduction in the note’s outstanding amount by $275,000. Separately, the company appointed Peter Lee as its new President and COO, with a base salary of $450,000 and potential annual incentives. Lee’s extensive experience in finance includes roles at Morgan Stanley, Tiger Management, and J.H Whitney & Company. His new position on the company’s board, however, will change his status to non-independent director.
Learn more about LFLY stock on TipRanks’ Stock Analysis page.