Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Edible Garden AG Inc incurred loan of $1,625,000 with Streeterville Capital, LLC at 8.0% per annum maturing 13 months after its issuance date.
- Instrument
- loan
- Principal
- $1,625,000
- Counterparty
- Streeterville Capital, LLC
- Rate
- 8.0% per annum
- Maturity
- 13 months after its issuance date
- Event
- incurrence
Exact text from the filing
the Company issued to Streeterville a secured promissory note in the principal amount of $1,625,000 (the “Streeterville Note”), which included an original issue discount of $120,000 (the “OID”) and reimbursement of Streeterville’s transaction expenses of $5,000, for a purchase price of $1,500,000. The Streeterville Note bears interest at a rate of 8.0% per annum and matures 13 months after its issuance date.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Edible Garden AG Inc entered into Note Purchase Agreement with Streeterville Capital, LLC valued at $1,625,000 (effective 2026-03-03).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Streeterville Capital, LLC
- Value
- $1,625,000
- Effective
- 2026-03-03
Exact text from the filing
On March 3, 2026, Edible Garden AG Incorporated (the “Company”, “we” or “us”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with Streeterville Capital, LLC, an accredited investor (“Streeterville”), pursuant to which the Company issued to Streeterville a secured promissory note in the principal amount of $1,625,000 (the “Streeterville Note”), which included an original issue discount of $120,000 (the “OID”) and reimbursement of Streeterville’s transaction expenses of $5,000, for a purchase price of $1,500,000.
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