regulatory
confidence high
sentiment negative
materiality 0.70
cbdMD, Inc. (YCBD): Nasdaq/NYSE listing notice — cbdMD receives additional NYSE American noncompliance notice for equity under $2M
cbdMD, Inc.
- Stockholders' equity $1,963,417 as of Sep 30, 2024, below $2M threshold; losses in 4 of 5 recent fiscal years.
- Plan accepted Aug 20, 2024 for prior equity deficiency; new deadline Dec 5, 2025 to regain compliance.
- Company may seek shareholder approval to convert $4.67M Preferred Stock liability (incl. accrued dividends) into common equity.
- Cash consumption reduced to $0.7M in fiscal 2024 from $4.9M in fiscal 2023; trading continues with ".BC" designation.