secwatch.observer — SEC 8-K summary
======================================

Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001437749-25-015119
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

cbdMD converts all Series A Preferred to common, effects 1-for-8 reverse stock split
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925015119/0001437749-25-015119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925015119/ycbd20250506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-015119

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