cbdMD raises $1.7M gross via Series B Convertible Preferred, net $1.5M for working capital

cbdMD, Inc.

Issued 1,700,000 shares of Series B Convertible Preferred to four institutional investors for $1.7M gross proceeds.
Net proceeds of $1.5M after expenses; funds used for working capital.
Each share convertible into common at $1.00 per share, subject to anti-dilution and Alternative Conversion.
Series B Preferred accrues 10% annual dividends payable quarterly in shares or cash, senior liquidation preference.
Holders have no voting rights; beneficial ownership limited to 4.99% of common stock outstanding.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

cbdMD, Inc. issued 1,700,000 shares of Series B Convertible Preferred Stock of preferred stock to four institutional investors for aggregate gross proceeds of $1,700,000.

Security: preferred stock
Shares: 1,700,000 shares of Series B Convertible Preferred Stock
Purchaser: four institutional investors
Consideration: aggregate gross proceeds of $1,700,000

Exact text from the filing

the Investors were issued an aggregate of 1,700,000 shares of Series B Convertible Preferred Stock (“Series B Preferred Stock”) for aggregate gross proceeds of $1,700,000

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.99

cbdMD, Inc.: The Company filed a Certificate of Amendment to the Certificate of Incorporation designating 1,700,000 shares of authorized preferred stock as Series B Convertible Preferred Stock (effective 2025-09-29).

Change: charter amendment
Effective: 2025-09-29

Exact text from the filing

On September 29, 2025, the Company filed a Certificate of Amendment to the Certificate of Incorporation (the “Certificate of Designation”) designating 1,700,000 shares of the Company’s authorized preferred stock as Series B Convertible Preferred Stock, par value $0.001 per share.

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cbdMD, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-030537

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