cbdMD to issue up to 6.06M shares for $2M advertising credit from a360 Media

cbdMD, Inc.

Issues up to 6,060,606 shares at $0.33/share in exchange for a $2,000,000 advertising credit.
70% of shares vest immediately; 15% vest pro-rata with each placement; 15% vest upon no product-category restrictions.
Advertising placement must be used by December 30, 2023, or shares are forfeited.
Shares issued in unregistered transaction under Section 4(a)(2) of the Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

cbdMD, Inc. entered into Agreement for Advertising Placement with a360 Media, LLC valued at up to 6,060,606 shares of the Company’s common stock valued at $0.33 per share (effective 2023-02-01).

Action: entry
Counterparty: a360 Media, LLC
Value: up to 6,060,606 shares of the Company’s common stock valued at $0.33 per share
Effective: 2023-02-01

Exact text from the filing

On February 1, 2023, cbdMD, Inc. (the “Company”) entered into an Agreement for Advertising Placement (the “Agreement”) with a360 Media, LLC, a Delaware limited liability company (“a360”) in which a360 will provide professional media support and advertising placement in exchange for up to 6,060,606 shares of the Company’s common stock valued at $0.33 per share (the “Shares”).

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33 material agreements filed in the last 30 days. Browse all material agreements →

cbdMD, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-002717

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