secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001437749-25-000652
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blum converts $6.2M AP to equity at $1.62/share; amends $800K note with related party
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- $6,165,050 of accounts payable converted into 3,808,559 shares at $1.62 (85% of $1.90 reference price).
- Amended note with Douglas Rosenberg increases principal from $400K to $800K, due Dec 2026, no interest, convertible at 85% discount or $30M pre-money valuation.
- Lender Rosenberg is Co-Founder/CEO of Mesh Ventures, related to Cookies; CEO Sabas Carrillo formerly CFO at Cookies.
- Engagement fee with Adnant reduced to $75,000/month from $250,000/month in amended agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925000652/0001437749-25-000652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925000652/blmh20250107_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-000652

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