Latest Current Report
Filed: 2026-01-07
Key Insights
- Blum Holdings, Inc. converted approximately $3.05 million of outstanding debt and accrued interest into 3,248,547 shares of common stock at a fixed conversion price of $0.98 per share, representing 85% of a $20,900,000 pre-money valuation.
- The company issued an additional 2,551,020 shares of common stock to its related party strategic and financial advisor, Adnant LLC, in satisfaction of a performance-based equity award.
- Blum Holdings amended and replaced two prior unsecured promissory notes with a new $525,000 senior secured promissory note with a 2-year maturity and 8% interest rate, convertible at the same $0.98 per share price.