Edible Garden AG Inc. 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Edible Garden AG Inc. (EDBL) on April 21, 2026, covering events occurring on March 26, 2026, and April 15, 2026. The company is incorporated in Delaware and trades on the Nasdaq Capital Market under the symbols EDBL (Common Stock) and EDBLW (Warrants).
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to a specific equity transaction:
- Transaction Value: $135,000 aggregate stated value of Series B Preferred Stock exchanged.
- Shares Issued: 128,119 shares of Common Stock issued in exchange.
- Preferred Stock Details: 135 total shares of Series B Preferred Stock (75 shares on March 26 and 60 shares on April 15) with a $1,000 par value per share.
Material Changes
The material change reported is the unregistered sale of equity securities. The Company entered into Exchange Agreements with Streeterville Capital, LLC to convert Series B Preferred Stock into Common Stock. The number of shares issued was calculated by dividing the stated value of the preferred stock by the Nasdaq Minimum Price of the common stock on the day preceding each agreement date.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The transaction was conducted pursuant to the exemption provided in Section 3(a)(9) of the Securities Act of 1933, as it involved an exchange of securities with existing security holders.
Investor Verification Checklist
- Verify the Nasdaq Minimum Price of EDBL common stock on March 25, 2026, and April 14, 2026, to confirm the share calculation methodology.
- Confirm the total outstanding share count of Series B Preferred Stock post-exchange to assess remaining preferred equity obligations.
- Review the Company's most recent 10-K or 10-Q for baseline liquidity and debt positions, as this 8-K does not provide them.
- Check for any subsequent filings regarding the registration rights or vesting schedules of the newly issued 128,119 common shares.