cbdMD, Inc. (YCBD, Financial) has revealed plans for the automatic conversion of its 8% Series A Cumulative Convertible Preferred Stock into the company's Common Stock, effective at 4:01 p.m. Eastern Time on May 6, 2025. The last trading session for the Preferred Stock will occur on May 5, 2025, with trading suspended prior to the market's opening on the Mandatory Exchange Date.
Alongside this conversion, cbdMD’s Board of Directors approved a one-for-eight reverse stock split of the company's issued and outstanding Common Stock on April 17, 2025. Consequently, every eight shares of Common Stock held before the split will automatically consolidate into a single new share, with no action required from shareholders.
