secwatch.observer — SEC 8-K summary
======================================

Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001477932-24-007949
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden sells $2.485M receivables for $1.75M cash advance from Cedar Advance
--------------------------------------------------------------------------------

- Purchase price $1.75M for $2.485M future receivables; net proceeds $1.6625M after $87.5K fees.
- $523,150 used to retire prior Cedar Advance obligation; net cash to company $1.139M.
- Weekly payments of 25% of collections, estimated $65,395 per week until $2.485M paid.
- Company granted Cedar security interest in all accounts, receivables, and deposit accounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224007949/0001477932-24-007949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224007949/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-007949

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