secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001437749-24-019721
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD receives NYSE American delisting notice for equity shortfall; must submit compliance plan by July 5, 2024
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- Stockholders' equity was $3.1M as of March 31, 2024, below $4M minimum required by Section 1003(a)(ii).
- Company reported losses in three of four most recent fiscal years ended Sep 30, 2023.
- Must submit compliance plan by July 5, 2024; has until Dec 5, 2025 to regain compliance or face delisting.
- Seeking shareholder approval to convert Preferred Stock and $2.7M accrued dividend into equity to boost equity.
- Trading continues under symbols with '.BC' designation for 'below compliance'; no immediate impact on operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924019721/0001437749-24-019721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924019721/ycbd20240606_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-019721

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