secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0001437749-24-027762
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD receives NYSE American acceptance of compliance plan; faces Dec 5, 2025 deadline
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- Stockholders' deficit of $3.1M as of March 31, 2024; non-compliance with $4M equity requirement.
- Plan period through December 5, 2025; quarterly reviews to monitor progress.
- If plan fails, NYSE American may initiate delisting proceedings; common and preferred shares remain listed during period.
- CEO notes plan acceptance is step to address capital structure and re-engage preferred shareholders on accrued dividend.
- Prior non-compliance notice received June 5, 2024 under Section 1003(a)(ii) for losses in three of four recent fiscal years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924027762/0001437749-24-027762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774924027762/ycbd20240826_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027762

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