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.