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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。