{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-030537","form_type":"8-K","ticker":"YCBD","cik":"0001644903","company_name":"cbdMD, Inc.","filed_at":"2025-10-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.027888+00:00","generated_at":"2026-05-17T04:35:45.622911+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"cbdMD raises $1.7M gross via Series B Convertible Preferred, net $1.5M for working capital","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-030537","json":"https://secwatch.observer/filing/0001437749-25-030537.json","markdown":"https://secwatch.observer/filing/0001437749-25-030537.md","text":"https://secwatch.observer/filing/0001437749-25-030537.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1644903/000143774925030537/0001437749-25-030537-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1644903/000143774925030537/ycbd20251003_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:35:45.622911+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":"5f3a878640d2c9ec72a5c361c2e49c2986322a91","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644903/000143774925030537/0001437749-25-030537-index.htm","confidence":0.99,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-29"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}