Blum Holdings Inc. announced the conversion of approximately $3.05 million in outstanding indebtedness, including accrued interest, into shares of the company's common stock at a fixed price of $0.98 per share. This transaction resulted in the issuance of 3,248,547 shares and the full cancellation of the converted debt, effectively reducing legacy unsecured obligations and simplifying the company's capital structure. Additionally, Blum executed a $525,000 senior secured promissory note to consolidate previously issued and expired unsecured notes, with an 8.0% annual interest rate and a maturity date of December 31, 2027. Warrants related to the prior notes were cancelled as part of these actions.
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. Blum Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9621798-en) on January 07, 2026, and is solely responsible for the information contained therein.