cbdMD Inc. Announces Automatic Conversion of Preferred Stock and Reverse Stock Split Effective May 6, 2025
cbdMD Inc. announced significant amendments to its corporate bylaws effective May 6, 2025. These include the automatic conversion of each outstanding share of its 8% Series A Cumulative Convertible Preferred Stock into thirteen shares of Common Stock. Additionally, the company implemented a one-for-8 reverse stock split of its issued and outstanding shares of Common Stock. As a result, the CUSIP number for the Common Stock has changed, and trading on the NYSE American began on a reverse stock split-adjusted basis on May 7, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. cbdMD Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-015119), on May 07, 2025, and is solely responsible for the information contained therein.
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