cbdMD Secures $2.8M Via Underwritten Public Offering Of Common Stock

cbdMD, Inc. YCBD announced the closing of its underwritten public offering of 1.35 million shares of its common stock at a public offering price of $2.10 per share. Gross proceeds from the offering before deducting underwriting discounts and commissions and offering expenses were approximately $2.8 million.

Maxim Group LLC acted as sole book-running manager for the offering.

The public offering was made pursuant to an effective shelf registration statement on Form S-3, previously filed with the U.S. Securities and Exchange Commission on April 5, 2022 and declared effective on April 21, 2022. The shares of common stock were offered only by means of a prospectus and prospectus supplement that form part of the effective registration statement. A final prospectus supplement describing the terms of the public offering has been filed with the SEC and is available on the SEC's website located at www.sec.gov.

Price Action

cbdMD shares were trading 5.18% higher at $2.03 during Thursday’s pre-market session.

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