secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2025-09-22T23:59:59+00:00
Accession:  0001437749-25-029627
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blum Holdings issues $750K in unsecured promissory notes with 8% interest and equity conversion
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925029627/0001437749-25-029627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925029627/blmh20250922_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-029627

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