Edible Garden AG Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Edible Garden AG Inc. (EDBL) on July 10, 2026, covering events occurring on July 8 and July 9, 2026. The company is incorporated in Delaware and trades on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on a specific equity transaction.
Material Changes
The primary material event reported is the unregistered sale of equity securities under Item 3.02. The Company entered into exchange agreements with Streeterville Capital, LLC to convert Series B Preferred Stock into Common Stock:
- Transaction Dates: July 8, 2026, and July 9, 2026.
- Preferred Stock Exchanged: A total of 1,134 shares (939 shares on July 8; 195 shares on July 9).
- Aggregate Stated Value: $1,134,000 ($1,000 per share).
- Common Stock Issued: 8,203,075 shares of Common Stock.
- Exchange Ratios:
- 432 shares of Preferred Stock (July 8) and all shares (July 9) were exchanged at a rate based on a $0.13 valuation.
- 507 shares of Preferred Stock (July 8) were exchanged at a rate based on a $0.15 valuation.
- Regulatory Basis: The issuance was conducted pursuant to the exemption provided in Section 3(a)(9) of the Securities Act of 1933.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure of the unregistered securities sale.
Investor Verification Checklist
- Verify the impact of the 8,203,075 newly issued shares on total outstanding share count and potential dilution.
- Confirm the current status of the remaining Series B Preferred Stock and any future conversion rights.
- Review the relationship between Edible Garden AG Inc. and Streeterville Capital, LLC for potential conflicts of interest or related party transaction implications.
- Check subsequent filings for any registration statements required to register the Exchange Shares for public trading.