other material
confidence high
sentiment neutral
materiality 0.65
Edible Garden stockholders approve reverse stock split at ratio up to 1:25
Edible Garden AG Inc
- Special meeting held Jan 27, 2025; reverse split proposal passed with 7.8M votes for, 642K against.
- Board authorized to implement split in range of 1-for-5 to 1-for-25 at its discretion.
- Adjournment proposal also approved (7.0M for) but not needed after split approval.
- Approximately 8.5M of 19.5M eligible shares were represented at the meeting.