---
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"
generated_at: "2026-05-17T04:35:45.622911+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-030537
- JSON: https://secwatch.observer/filing/0001437749-25-030537.json
- Plain text: https://secwatch.observer/filing/0001437749-25-030537.txt

## Key facts
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1644903/000143774925030537/0001437749-25-030537-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.