BLUM HOLDINGS, INC. Files 8-K on Security Holder Rights
Ticker: BLMH · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1996210
| Field | Detail |
|---|---|
| Company | Blum Holdings, INC. (BLMH) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, rights, filing
Related Tickers: BLMH
TL;DR
BLUM HOLDINGS, INC. (BLMH) filed an 8-K on Dec 30, 2024, regarding security holder rights.
AI Summary
On December 30, 2024, BLUM HOLDINGS, INC. filed an 8-K report detailing material modifications to the rights of security holders and financial statements. The company, incorporated in Delaware with its principal executive offices in Downey, California, operates in the miscellaneous retail sector.
Why It Matters
This filing indicates potential changes affecting the rights of BLUM HOLDINGS, INC. shareholders, requiring careful review by investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting material modifications and financial statements, not indicating immediate financial distress or significant negative events.
Key Numbers
- 000-56626 — SEC File Number (Identifies the company's filing with the SEC.)
- 93-3735199 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- BLUM HOLDINGS, INC. (company) — Registrant
- December 30, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 11516 Downey Ave., Downey, California 90241 (address) — Principal executive offices
- 5900 (sic_code) — Standard Industrial Classification
FAQ
What specific material modifications to the rights of security holders are detailed in this 8-K filing?
The filing indicates 'Material Modifications to Rights of Security Holders' as an item information, but the specific details of these modifications are not provided in the excerpt.
What is the primary business of BLUM HOLDINGS, INC. according to its SIC code?
BLUM HOLDINGS, INC. is classified under SIC code 5900, which corresponds to 'RETAIL-MISCELLANEOUS RETAIL'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 30, 2024.
Where are the principal executive offices of BLUM HOLDINGS, INC. located?
The principal executive offices of BLUM HOLDINGS, INC. are located at 11516 Downey Ave., Downey, California 90241.
What is the SEC file number for BLUM HOLDINGS, INC.?
The SEC file number for BLUM HOLDINGS, INC. is 000-56626.
Filing Stats: 1,111 words · 4 min read · ~4 pages · Grade level 14.4 · Accepted 2025-01-06 17:27:00
Key Financial Figures
- $1.00 — pany an amount equal to an aggregate of $1.00 allocated among all of the then-issued
Filing Documents
- blmh20250106_8k.htm (8-K) — 33KB
- ex_762633.htm (EX-3.1) — 29KB
- 0001437749-25-000498.txt ( ) — 189KB
- blmh-20241230.xsd (EX-101.SCH) — 3KB
- blmh-20241230_def.xml (EX-101.DEF) — 10KB
- blmh-20241230_lab.xml (EX-101.LAB) — 14KB
- blmh-20241230_pre.xml (EX-101.PRE) — 10KB
- blmh20250106_8k_htm.xml (XML) — 2KB
03. Material Modification to Rights of Security Holders
Item 3.03. Material Modification to Rights of Security Holders On December 30, 2024, the Board amended the designation of a series of the Company's Series V Preferred Stock and filed an Amended and Restated Certificate of Designation of Rights, Privileges, Preferences, and Restrictions of Series V Preferred Stock (the "A&R Certificate of Designation") with the Secretary of State of the State of Delaware to establish the rights, privileges, preferences, and restrictions of the Series V Preferred Stock. The A&R Certificate of Designation became effective upon filing on December 30, 2024. The number of authorized shares of Series V Preferred Stock is 25,000,000 shares. The following is a summary of the principal terms of the A&R Certificate of Designation: Dividends The holders of the Series V Preferred Stock do not have any preferential dividend rights and shall be entitled to receive dividends, if any, only if, when, and as declared by the Board in its sole and absolute discretion. Voting Rights Each share of Series V Preferred Stock shall have the right to take action by written consent or vote in number equal to two times the number of shares of the Company's Common Stock into which such shares of Series V Preferred Stock are then convertible. These voting rights may be exercised by vote at an annual meeting of the stockholders of the Company or at a special meeting of the stockholders of the Company or by written consent of the holders of Series V Preferred Stock. Except as otherwise required by law or by the Articles of Incorporation of which the A&R Certificate of Designation is a part, the holders of shares of Common Stock and shares of Series V Preferred Stock shall vote together and not as separate classes. Conversion Each share of Series V Preferred Stock shall be convertible into one-third of a share of Common Stock, in the manner set forth in this paragraph and as further described in the A&R Certificate of Designation. Each share of Series V Pr
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 3.1 Amended and Restated Certificate of Designation. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLUM HOLDINGS, INC. Date: January 6, 2025 By: /s/ Sabas Carrillo Sabas Carrillo Chief Executive Officer 3