Financing ·
TH International Limited announced leadership changes effective June 15, 2026, including Peter Yu stepping down as…
THCHTH International Ltd
TH International Limited announced leadership changes effective June 15, 2026, including Peter Yu stepping down as Chairman and Yongchen Lu being designated as Chairman while remaining CEO, and Kwok Wah Cheung being appointed as the new CEO. Additionally, the Company entered into a definitive agreement to issue up to $55.0 million in Senior Secured Convertible Notes in four tranches through early 2027, which will be used for store network expansion and working capital. The Company also plans to amend its Certificate of Designation to update its board appointment rights for Series A-2 Convertible Preferred Shares and Class A-1 Special Voting Shares to a three-tier structure. TH International Limited operates in the restaurant industry, specifically managing the Tim Hortons brand in China.