secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001477932-25-003704
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden acquires NaturalShrimp assets for $12M in Series B Preferred; also raises $3M cash
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793225003704/0001477932-25-003704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793225003704/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-003704

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