secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001437749-25-000498
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blum Holdings amends Series V Preferred Stock terms: 25M shares authorized, 2x voting, auto-conversion in 4 years
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- Series V Preferred Stock has no preferential dividend rights; dividends at Board's discretion.
- Each share carries voting power equal to 2x the number of common shares it is convertible into.
- Each share converts into 1/3 common share; automatic conversion on 4th anniversary of issuance; optional after 1 year.
- Liquidation preference: aggregate $1.00 for all outstanding Series V shares before junior stock distributions.
- No established trading market for Series V; company does not plan to list on any exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925000498/0001437749-25-000498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925000498/blmh20250106_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-000498

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