{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-037019","form_type":"8-K","ticker":"BLMH","cik":"0001996210","company_name":"BLUM HOLDINGS, INC.","filed_at":"2025-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.244107+00:00","generated_at":"2026-05-16T14:21:28.705182+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Blum Holdings raises $1.5M via convertible notes at $0.98/share; issues warrants","bullets":["Five unsecured promissory notes totaling $1.5M, 8% interest, maturities from Sep 2027 to Nov 2027.","Notes convertible at lender's option into shares at 85% of $20.9M pre-money valuation ($0.98/share).","Lender is an accredited investor who is a related person under Reg S-K.","Warrants to purchase up to ~1.71M shares at $0.35/share, expiring Dec 2028, issued with notes.","Notes formalize advances of $1.5M previously received in Sep-Oct 2025, as disclosed in Q3 10-Q."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-037019","json":"https://secwatch.observer/filing/0001437749-25-037019.json","markdown":"https://secwatch.observer/filing/0001437749-25-037019.md","text":"https://secwatch.observer/filing/0001437749-25-037019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/0001437749-25-037019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/blmh20251203_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:21:28.705182+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":"120603a48f07801e340310d01c9b47948a624339","claim":"BLUM HOLDINGS, INC. incurred convertible notes of $500,000 with related accredited investor at 8.0% per annum maturing October 31, 2027.","evidence_excerpt":"On December 3, 2025, the Company executed and delivered an Unsecured Promissory Note in the principal amount of $500,000 (the “December 3rd Note”) to the Lender.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/0001437749-25-037019-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$500,000"},{"label":"Counterparty","value":"related accredited investor"},{"label":"Rate","value":"8.0% per annum"},{"label":"Maturity","value":"October 31, 2027"},{"label":"Event","value":"incurrence"}]},{"claim_id":"7b65fad5ed764262500440e177437a26cb9ba51a","claim":"BLUM HOLDINGS, INC. incurred convertible notes of $200,000 with related accredited investor at 8.0% per annum maturing October 30, 2027.","evidence_excerpt":"On December 2, 2025, the Company executed and delivered an Unsecured Promissory Note in the principal amount of $200,000 (the “December 2nd Note”) to the Lender.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/0001437749-25-037019-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$200,000"},{"label":"Counterparty","value":"related accredited investor"},{"label":"Rate","value":"8.0% per annum"},{"label":"Maturity","value":"October 30, 2027"},{"label":"Event","value":"incurrence"}]},{"claim_id":"81739caffd7062eb5db7243a7d24b094e93d19c1","claim":"BLUM HOLDINGS, INC. incurred convertible notes of $500,000 with related accredited investor at 8.0% per annum maturing November 25, 2027.","evidence_excerpt":"On December 5, 2025, the Company executed and delivered an Unsecured Promissory Note in the principal amount of $500,000 (the “December 5th Note”) to the Lender.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/0001437749-25-037019-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$500,000"},{"label":"Counterparty","value":"related accredited investor"},{"label":"Rate","value":"8.0% per annum"},{"label":"Maturity","value":"November 25, 2027"},{"label":"Event","value":"incurrence"}]},{"claim_id":"c60c29868295b4b08bc1b248c6381e860098eeef","claim":"BLUM HOLDINGS, INC. incurred convertible notes of $100,000 with related accredited investor at 8.0% per annum maturing November 14, 2027.","evidence_excerpt":"On December 4, 2025, the Company executed and delivered an Unsecured Promissory Note in the principal amount of $100,000 (the “December 4th Note”) to the Lender.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/0001437749-25-037019-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$100,000"},{"label":"Counterparty","value":"related accredited investor"},{"label":"Rate","value":"8.0% per annum"},{"label":"Maturity","value":"November 14, 2027"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}