secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001477932-25-002434
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden sells $2.04M future receivables for net $1.435M; prepays Cedar Advance at discount
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- Sold $2,040,000 of future receivables to Arin Funding for $1,500,000 less $65,000 fees, netting $1,435,000.
- Used portion of proceeds to prepay Cedar Advance; balance reduced from $1,373,285 to $1,263,422.
- Weekly ACH debits of $63,750 (20% of collections) until $2,040,000 paid in full.
- Granted Arin a security interest in all accounts, receivables, and related collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793225002434/0001477932-25-002434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793225002434/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-002434

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