- CbdMD (NYSE:YCBD) has priced its public offering of 500,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock at $10.00/share, for gross proceeds of $5M.
- Underwriters over-allotment is an additional 75,000 shares.
- NYSE trading under the symbol “YCBDP” is expected to begin on October 21.
- The shares will be convertible into cbdMD’s common stock at a conversion price of $6.00/share.
- Net proceeds will be used for working capital and other general corporate purposes.
- Closing date is October 16.