secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001437749-25-000291
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD receives additional NYSE American noncompliance notice for equity under $2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925000291/0001437749-25-000291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925000291/ycbd20250103_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-000291

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