other material
confidence high
sentiment neutral
materiality 0.65
cbdMD converts all Series A Preferred to common, effects 1-for-8 reverse stock split
cbdMD, Inc.
- All 5,000,000 outstanding 8% Series A Preferred shares automatically converted into 65,000,000 common shares on May 6, 2025.
- Immediately after conversion, a 1-for-8 reverse stock split of common stock was effected; adjusted trading began May 7 on NYSE American.
- No fractional shares issued; shareholders entitled to fractional shares receive one whole share.
- Preferred dividends ceased accruing as of May 6, 2025; preferred stock stopped trading on NYSE American.
- Shareholders approved both the conversion and reverse split at the April 10, 2025 annual meeting.