secwatch.observer — SEC 8-K summary
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Issuer:     cbdMD, Inc. (YCBD)
CIK:        0001644903
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001437749-25-030537
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925030537/0001437749-25-030537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644903/000143774925030537/ycbd20251003_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-030537

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