{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-029627","form_type":"8-K","ticker":"BLMH","cik":"0001996210","company_name":"BLUM HOLDINGS, INC.","filed_at":"2025-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.779360+00:00","generated_at":"2026-05-17T06:01:57.713352+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Blum Holdings issues $750K in unsecured promissory notes with 8% interest and equity conversion","bullets":["Two notes totaling $750K: $500K on Sep 16 and $250K on Sep 17, 2025, both maturing Sep 2027.","Interest at 8% per annum, payable monthly in arrears commencing Jan 15, 2026; prepayment without penalty.","Lender may convert into convertible notes with automatic conversion at 85% of $20.9M pre-money valuation ($0.98/share).","Warrants issued: 571,429 shares at $0.35 for $500K note; 285,714 shares at $0.35 for $250K note.","$500K note formalizes advance received Aug 11, 2025, previously disclosed in Q2 10-Q."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-029627","json":"https://secwatch.observer/filing/0001437749-25-029627.json","markdown":"https://secwatch.observer/filing/0001437749-25-029627.md","text":"https://secwatch.observer/filing/0001437749-25-029627.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925029627/0001437749-25-029627-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925029627/blmh20250922_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:01:57.713352+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"90131ad1bd636c441c79fce99836cf6ca99479aa","claim":"BLUM HOLDINGS, INC. incurred convertible notes of $250,000 with an investor (the “Lender”) at 8.0% per annum payable monthly in arrears maturing September 17, 2027.","evidence_excerpt":"On September 17, 2025, the Company executed and delivered an Unsecured Promissory Note in the principal amount of $250,000 (the “Second Note”) to an investor (the “Lender”). The Second Note has a maturity date of September 17, 2027 and bears interest at a rate of 8.0% per annum payable monthly in arrears, commencing on January 15, 2026. The Company may prepay the principal balance in full at any time without penalty. The Second Note is convertible at the Lender’s election into a convertible promissory note that shall include an automatic conversion into the shares of capital stock issued by Blüm at a conversion price equal to 85% of a $20,900,000 pre-money valuation of Blüm (equal to a per share price of $0.98 on a fully diluted basis). The Company shall grant to the Lender warrants to purchase up to 285,714 shares of the Company's common stock, at an exercise price of $0.35 per share.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925029627/0001437749-25-029627-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$250,000"},{"label":"Counterparty","value":"an investor (the “Lender”)"},{"label":"Rate","value":"8.0% per annum payable monthly in arrears"},{"label":"Maturity","value":"September 17, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ea85db44a8ca1adf7dfffd2c6d3f337cd3b46c26","claim":"BLUM HOLDINGS, INC. incurred convertible notes of $500,000 with an investor (the “Lender”) at 8.0% per annum payable monthly in arrears maturing September 16, 2027.","evidence_excerpt":"On September 16, 2025, Blum Holdings, Inc. (\"Blüm\" or the “Company”) executed and delivered an Unsecured Promissory Note in the principal amount of $500,000 (the “Note”) to an investor (the “Lender”). The Note has a maturity date of September 16, 2027 and bears interest at a rate of 8.0% per annum payable monthly in arrears, commencing on January 15, 2026. The Company may prepay the principal balance in full at any time without penalty. The Note is convertible at the Lender’s election into a convertible promissory note that shall include an automatic conversion into the shares of capital stock issued by Blüm at a conversion price equal to 85% of a $20,900,000 pre-money valuation of Blüm (equal to a per share price of $0.98 on a fully diluted basis). The Company shall grant to the Lender warrants to purchase up to 571,429 shares of the Company's common stock, at an exercise price of $0.35 per share. The Unsecured Promissory Note dated September 16, 2025 is a formal agreement for the adv","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925029627/0001437749-25-029627-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$500,000"},{"label":"Counterparty","value":"an investor (the “Lender”)"},{"label":"Rate","value":"8.0% per annum payable monthly in arrears"},{"label":"Maturity","value":"September 16, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}