secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001477932-22-003121
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden completes $14.7M IPO on Nasdaq; appoints three independent directors
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- IPO of 2.93M units at $5.00/unit, each unit = 1 common share + 1 warrant (exercise $5.00), gross proceeds ~$14.7M.
- Shares and warrants trade on Nasdaq under EDBL and EDBLW since May 5, 2022.
- Maxim partially exercised over-allotment to buy 439,500 additional warrants for ~$4,000.
- Appointed Mathew McConnell, Tracy Nazzaro, Ryan Rogers as independent directors; $150k/year each ($75k cash + $75k restricted stock).
- Maxim Group granted 24-month right of first refusal for future equity/debt offerings or strategic transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793222003121/0001477932-22-003121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793222003121/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-003121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer