secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001437749-23-012366
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774923012366/0001437749-23-012366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774923012366/ycbd20230501_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012366

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