secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2026-06-12T21:15:12+00:00
Accession:  0001477932-26-003846
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden raises $12M via secured notes from Streeterville Capital, 18-month maturity
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- Issued A-1 Note of $2.17M (8% interest, $160K OID) and Secured B Note of $10M (5% interest).
- Purchase price of $12M; notes secured by deposit account, pledge of EDBL Holdings equity, and subsidiary guaranty.
- B Note proceeds held at Lakeside Bank under DACA; investor has monthly redemption rights after 6 months.
- Company covenants restrict additional debt, variable-rate issuances, and liens; Permitted Project Financing exceptions apply.
- Investor has right to exchange portions of B Note for additional A Notes under certain conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793226003846/0001477932-26-003846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793226003846/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-003846

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