other material
confidence high
sentiment negative
materiality 0.70
Edible Garden exchanges $1.22M preferred stock for 3.25M common shares in unregistered deal
Edible Garden AG Inc
- Exchanged 1,222 Series B Preferred shares ($1,000 stated value each) for 3,253,455 common shares.
- Exchange price based on Nasdaq minimum price on the day before the May 15, 2026 agreement.
- Issuance exempt from registration under Section 3(a)(9) of the Securities Act.
- Counterparty is Streeterville Capital, LLC; common shares dilutive to existing holders.