secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001477932-23-000820
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden closes $10.2M upsized public offering; believes it regains Nasdaq compliance
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- Sold 1,619,000 units at $6.30/unit; each unit includes one common share and one warrant exercisable at $6.30.
- Gross proceeds of ~$10.2M before underwriting discounts; over-allotment partially exercised for additional 242,850 warrants.
- Company believes it has regained compliance with Nasdaq stockholders' equity and publicly held shares requirements.
- Warrants expire 5 years from issuance; Representative's warrants exercisable at $6.93 with 180-day lock-up.
- Maxim Group acted as lead book-runner; Joseph Gunnar as joint book-runner.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223000820/0001477932-23-000820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223000820/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-000820

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