secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001437749-24-035348
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blum Holdings issues $400K unsecured convertible note with 15% discount
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- $400,000 unsecured promissory note issued to an investor on Nov 12, 2024; maturity May 12, 2026.
- No stated interest except 10% default interest; no prepayment penalty.
- Convertible at lender's election into SAFE or convertible note with 15% discount to future qualified financing.
- Note includes warrant coverage and standard representations; not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924035348/0001437749-24-035348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774924035348/blmh20241114_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-035348

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