secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001477932-24-005992
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden prices $5.65M public offering of common stock and warrants
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- Offering of 4,240,650 common units at $0.36/unit and 11,460,000 pre-funded units at $0.35/unit; gross proceeds ~$5.65M.
- Each unit includes one Class A warrant (5-year term) and one Class B warrant (18-month term), both with $0.36 exercise price.
- Maxim Group LLC acts as placement agent; receives 7% cash fee, $80K expenses, and warrants for 785,033 shares at $0.36.
- Company will prepay Sament Note principal at a 5% premium using net proceeds (~$4.88M estimated).
- 90-day company lock-up and 45-day D&O lock-up on equity sales post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224005992/0001477932-24-005992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224005992/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-005992

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