---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012366"
form_type: "8-K"
ticker: "YCBD"
cik: "0001644903"
company_name: "cbdMD, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:09:18.007887+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# cbdMD raises ~$2.5M net in underwritten public offering of 1.35M shares at $2.10

## Summary
- Issued 1,350,000 common shares at $2.10 each; gross proceeds ~$2.8M, net ~$2.5M.
- Maxim Group LLC sole book-runner; granted 45-day option for up to 202,500 additional shares.
- Net proceeds for general working capital and selective M&A; underwriter received a 40,500-share warrant at $2.52.
- Offering closed May 3, 2023; 75-day lock-up for company, 90-day for officers/directors.
- One executive and one employee purchased up to $20,000 of shares at offering price in the offering.

## SEC filing metadata
- accession: 0001437749-23-012366
- form_type: 8-K
- ticker: YCBD
- cik: 0001644903
- company_name: cbdMD, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1644903/000143774923012366/0001437749-23-012366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1644903/000143774923012366/ycbd20230501_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012366
- JSON: https://secwatch.observer/filing/0001437749-23-012366.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012366.txt

## Key facts
- Material Agreements
  cbdMD, Inc. entered into Underwriting Agreement with Maxim Group LLC valued at $2.5 million (effective 2023-04-30).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Value: $2.5 million
  - Effective: 2023-04-30
  source text: On April 30, 2023, cbdMD, Inc., a North Carolina corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with Maxim Group LLC as representative of the underwriters named therein (the “Underwriter”) relating to the issuance and sale of 1,350,000 shares of the Company’s common stock, par value $0.001 per share (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1644903/000143774923012366/0001437749-23-012366-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.