Edible Garden AG Inc (EDBL): M&A transaction — Edible Garden acquires NaturalShrimp assets for $12M in Series B Preferred; also raises $3M cash

Edible Garden AG Inc

Acquired sustainable aquaculture assets (Fort Dodge, IA) from NaturalShrimp for $12M in 12,000 shares of Series B Preferred at $1,000 stated value.
Streeterville Capital purchased $3.5M of Series B Preferred for cash ($3M immediate), bringing total preferred investment to $15.5M.
Assets include two patented water treatment technologies and a fully operational shrimp facility to support R&D and zero-waste initiatives.
Pro forma stockholders' equity ~$16.9M as of March 31, 2025, expected to bring Company into compliance with Nasdaq listing rule.
CEO James Kras signed new employment agreement: $450K base salary, $500K transaction bonus, $2M in equity awards (subject to stockholder approval).

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Edible Garden AG Inc completed an acquisition involving NaturalShrimp Farms Inc. for $12,000,000 (closed 2025-05-14).

Action: acquisition
Counterparty: NaturalShrimp Farms Inc.
Consideration: $12,000,000
Closing: 2025-05-14

Exact text from the filing

12,000 shares of Series B Preferred Stock to Streeterville as the sole shareholder of the Seller, at a stated value of $1,000 per share, for an aggregate purchase price of $12,000,000. Also, on May 14, 2025, the Company entered into a stock purchase agreement (the “SPA”) with Streeterville, pursuant to which the Company issued 3,000 shares of Series B

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15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Edible Garden AG Inc filing history →

Source: SEC EDGAR

accession 0001477932-25-003704

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