secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001437749-23-002717
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774923002717/0001437749-23-002717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774923002717/ycbd20230207_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002717

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer