Edible Garden raises $4.2M via warrant exercise inducement; new warrants for 4M shares

Edible Garden AG Inc

Gross proceeds of ~$4.2M from cash exercise of Existing Warrants at reduced price of $2.06/share.
Existing holder exercised warrants for 2,021,571 shares; received new 5-year warrants for 4,043,142 shares.
New warrants also priced at $2.06, immediately exercisable, with five-year term.
Maxim Group acted as financial advisor, receiving 6.5% cash fee on total proceeds.
Company agrees to file resale registration statement within 30 days; 45-day lockup on further equity issuance.

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