secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001477932-24-008288
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden raises $3.0M via warrant exercise; issues new warrants for 16.66M shares
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- Gross proceeds of ~$3.0M from cash exercise of 8.33M existing Class B warrants at $0.36/share; net proceeds ~$2.8M.
- In consideration, Holder receives new 5-year Class A warrants and 18-month Class B warrants, each exercisable for 8.33M shares at $0.36.
- Maxim Group acted as financial advisor and will receive 7.0% cash fee on proceeds.
- Company must file a resale registration statement for the new warrant shares within 30 days.
- Existing warrants were originally issued in September 2024 public offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224008288/0001477932-24-008288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224008288/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-008288

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