secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001437749-23-005246
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD CEO resigns; enters equity line with Keystone for up to 12.7M shares
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- Kevin MacDermott resigned as Principal Executive Officer and President effective Feb 26, 2023; no disagreement cited.
- T. Ronan Kennedy appointed Interim CEO and Principal Executive Officer effective March 1, 2023; resigned as COO.
- Company entered common stock purchase agreement with Keystone Capital Partners to sell up to 12,687,012 shares (19.99% of outstanding) over 12 months.
- Company issued 392,382 commitment shares to Keystone as consideration; additional shares to be issued later.
- Sales are at Company's discretion; purchase price based on VWAP discounts; proceeds for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774923005246/0001437749-23-005246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774923005246/ycbd20230302_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-005246

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