secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001437749-25-000768
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD reduces convertible note debt to $56K; issued 609K shares; Q1 cash ~$2.1M
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- Convertible note principal reduced to ~$56,000 as holders converted ~$309,000 principal plus accrued interest.
- Issued 609,717 common shares in January 2025 to satisfy conversion requests.
- Total outstanding common shares now 6,152,841 as of Jan 8, 2025.
- CEO reports fiscal Q1 end cash and cash equivalents of approximately $2.1 million.
- Company frames debt reduction and cash position as improving balance sheet and liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925000768/0001437749-25-000768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925000768/ycbd20250108_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-000768

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