Tuesday Morning in its $35 million rescue financing of convertible debt from a special purpose vehicle formed by Retail Ecommerce Ventures and Ayon Capital and certain members of management

On September 9, 2022, Tuesday Morning Corporation announced that it has entered into an agreement to secure $35 million in convertible debt financing from a special purpose vehicle, formed by Retail Ecommerce Ventures LLC and Ayon Capital, L.L.C, and certain members of the Tuesday Morning management team.  Tuesday Morning has received a financial viability exception to the stockholder approval requirement pursuant to Nasdaq Listing Rule 5635(f).

Wachtell, Lipton, Rosen & Katz is serving as counsel to Tuesday Morning.