---
schema_version: "secwatch.filing_event.v1"
accession: "0001750155-26-000025"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:12:05.543535+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BAT converts $65M debenture to equity, invests $10M; Charlotte's Web debt-free

## Summary
- Conversion of C$75.3M principal plus C$14.2M accrued interest into ~95M shares at C$0.94 per share.
- Concurrent US$10M private placement by BAT for ~14.8M shares at same price; proceeds for CMMI program.
- Post-transaction, BAT holds ~40% of shares; company eliminates ~US$65M debt and avoids ~US$12M future interest.
- Shareholder meeting on/about May 28, 2026; transaction expected to close same day subject to approvals.

## SEC filing metadata
- accession: 0001750155-26-000025
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000025/0001750155-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000175015526000025/cweb-20260330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001750155-26-000025
- JSON: https://secwatch.observer/filing/0001750155-26-000025.json
- Plain text: https://secwatch.observer/filing/0001750155-26-000025.txt

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