---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-000818"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:26:21.055229+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings converts $3.05M debt to equity, issues ~5.8M shares; new $525K secured note

## Summary
- Converted $3.05M of unsecured debt & accrued interest into 3,248,547 shares at $0.98/share.
- Issued 2,551,020 shares to Adnant LLC (CEO's affiliate) for performance-based award at $0.98/share.
- New $525K senior secured note consolidates prior notes, 8% interest, matures Dec 31, 2027.
- Warrants to purchase 198,114 shares at $0.53 cancelled.
- Pre-money valuation for conversions set at $20.9M fully diluted.

## SEC filing metadata
- accession: 0001437749-26-000818
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774926000818/0001437749-26-000818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774926000818/blmh20260107_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-000818
- JSON: https://secwatch.observer/filing/0001437749-26-000818.json
- Plain text: https://secwatch.observer/filing/0001437749-26-000818.txt

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