secwatch.observer — SEC 8-K summary
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Issuer:     BLUM HOLDINGS, INC. (BLMH)
CIK:        0001996210
Form:       8-K
Filed at:   2025-12-05T23:59:59+00:00
Accession:  0001437749-25-037019
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blum Holdings raises $1.5M via convertible notes at $0.98/share; issues warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/0001437749-25-037019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996210/000143774925037019/blmh20251203_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-037019

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