---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-015039"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:25:00.969984+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings enters $1M unsecured note; convertible at 85% of $20.9M pre-money

## Summary
- Principal $1,000,000, 8.0% interest, maturity May 2, 2027; interest payable monthly starting June 15, 2025.
- Lender can convert note into convertible note that auto-converts at 85% of $20.9M pre-money valuation ($0.98/share).
- Lender receives warrants to purchase 377,358 shares of common stock at $0.53 per share.
- Company may prepay principal in full at any time without penalty or premium.

## SEC filing metadata
- accession: 0001437749-25-015039
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925015039/0001437749-25-015039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925015039/blmh20250506_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015039
- JSON: https://secwatch.observer/filing/0001437749-25-015039.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.