{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002975","form_type":"8-K","ticker":"YCBD","cik":"0001644903","company_name":"cbdMD, Inc.","filed_at":"2024-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.957260+00:00","generated_at":"2026-06-06T09:57:10.482073+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"cbdMD raises $1.25M via convertible notes with 8% interest, automatic conversion price adjustments","bullets":["Gross proceeds $1.25M; aggregate principal $1.54M due to original issue discount.","Notes mature July 30, 2025; 8% interest; initial conversion price $0.684, floor $0.30, adjusts automatically.","Prepayment requires 125% of principal (25% premium); default interest up to 22%.","Company to seek shareholder approval within 90 days for conversion shares exceeding 19.99% of outstanding.","Notes secured by first-priority security interest on company assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002975","json":"https://secwatch.observer/filing/0001437749-24-002975.json","markdown":"https://secwatch.observer/filing/0001437749-24-002975.md","text":"https://secwatch.observer/filing/0001437749-24-002975.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1644903/000143774924002975/0001437749-24-002975-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1644903/000143774924002975/ycbd20240201_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:57:10.482073+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"851880bbd44ca5b7685b7bc170e7e6e9e99d20d4","claim":"cbdMD, Inc. entered into Securities Purchase Agreement with five institutional investors valued at $1,250,000 gross proceeds (effective 2024-02-01).","evidence_excerpt":"Effective February 1, 2024 (the “Closing Date”), cbdMD, Inc. (the “Company”) entered into a Securities Purchase Agreement dated January 30, 2024 (the “Purchase Agreement”) with five institutional investors (the “Investors”) whereby the Investors advanced the Company an aggregate of $1,250,000 gross proceeds and the Company issued each Investor an Senior Secured Original Issue Discount Convertible Promissory Note, in the aggregate principal amount of $1,541,666 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644903/000143774924002975/0001437749-24-002975-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"five institutional investors"},{"label":"Value","value":"$1,250,000 gross proceeds"},{"label":"Effective","value":"2024-02-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}