false 0001644903 0001644903 2023-04-12 2023-04-12 0001644903 ycbd:CommonCustomMember 2023-04-12 2023-04-12 0001644903 ycbd:SeriesACumulativeConvertiblePreferredStock8CustomMember 2023-04-12 2023-04-12
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) April 12, 2023
 
ycbd20230414_8kimg001.jpg
 
cbdMD, INC.
(Exact name of registrant as specified in its charter)
 
North Carolina
001-38299
47-3414576
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
8845 Red Oak Blvd, Charlotte, NC 28217
(Address of principal executive offices)(Zip Code)
 
Registrant's telephone number, including area code: (704) 445-3060
 
_______________________________________
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
common
YCBD
NYSE American
8% Series A Cumulative Convertible Preferred Stock
YCBD PR A
NYSE American
 
Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☑
 
 
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

 
Item 8.01. OTHER EVENTS.
 
On April 14, 2023, cbdMD, Inc. (the “Company”) issued a press release announcing that on April 12, 2023 the Board of Directors approved a 1-for-45 reverse stock split of the Company’s outstanding shares of common stock. The reverse split was previously approved by the Company’s shareholders at the Company’s annual meeting of shareholders held on February 16, 2023 and the Company’s shareholders and granted the board the authority to determine a final reverse split ratio. The effective date of the reverse stock split is April 24, 2023 upon the filing of Articles of Amendment to the Company’s Articles of Incorporation, as amended and the Company’s common stock shall begin trading on a split-adjusted basis when the market opens on April 25, 2023 under the existing trading symbol “YCBD”.
 
A copy of the press release announcing these events is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.
 
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
 
(d)
Exhibits.
 
Exhibit
No.
Description
 
 
99.1
 
 
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
cbdMD, Inc.
     
Date: April 14, 2023
By:
/s/ T. Ronan Kennedy
   
T. Ronan Kennedy, Chief Financial Officer
 
 
cbdMD (AMEX:YCBD)
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cbdMD (AMEX:YCBD)
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