4//SEC Filing
Wiesehan John J III 4
Accession 0001654954-21-008222
CIK 0001644903other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 5:31 PM ET
Size
6.4 KB
Accession
0001654954-21-008222
Insider Transaction Report
Form 4
cbdMD, Inc.YCBD
Wiesehan John J III
Chief Revenue Officer
Transactions
- Purchase
Common Stock
2021-07-22+161,550→ 161,550 total(indirect: By LLC)
Holdings
- 26,000
Common Stock
Footnotes (2)
- [F1]The common stock was issued as partial consideration pursuant to that certain Asset Purchase Agreement, dated July 22, 2021, by and among Twenty Two Capital, LLC ("Twenty Two"), the Issuer, the Reporting Person, and the other parties named therein (the "APA"). Pursuant to the APA, the Issuer agreed to acquire certain assets, including among others, tangible personal property, inventories, accounts receivable, contracts, governmental authorizations, intangible rights and property, and insurance benefits, subject to certain exclusions, in exchange for (i) $2,000,000 in cash, subject to adjustment per the APA, (ii) 600,000 shares of the Issuer's common stock, with (x) 300,000 shares issued at closing, (y) 100,000 shares to be issued on or before January 31, 2023, subject to certain set-off obligations, and (z) the remainder to be issued on or before the 60th day following the first year anniversary of the closing, subject to certain adjustments, and assume certain liabilities as provided for in the APA.
- [F2]Represents the Reporting Person's pecuniary interest in the 300,000 shares of the Issuer acquired by Twenty Two pursuant to the APA. The Reporting Person is the holder of a 53.85% membership interest in Twenty Two and has shared voting and investment power over its portfolio securities.
Documents
Issuer
cbdMD, Inc.
CIK 0001644903
Entity typeother
Related Parties
1- filerCIK 0001875037
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 5:31 PM ET
- Size
- 6.4 KB