secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001437749-25-015039
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925015039/0001437749-25-015039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925015039/blmh20250506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-015039

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