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 31, 2026, covering events occurring on July 27, 2026, and July 29, 2026. The Company is an emerging growth company incorporated in Delaware with principal executive offices in Belvidere, New Jersey.
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 capital transaction.
Material Changes
The Company executed unregistered sales of equity securities through exchange agreements with Streeterville Capital, LLC. Key details include:
- Transaction Type: Exchange of Series B Preferred Stock for Common Stock.
- Shares Exchanged: 2,074 shares of Series B Preferred Stock (1,919 on July 27 and 155 on July 29).
- Stated Value: The Preferred Stock had an aggregate stated value of $2,074,000 ($1,000 per share).
- Shares Issued: A total of 674,923 shares of Common Stock were issued.
- Pricing Mechanism: The number of common shares was calculated by dividing the Stated Value by the Nasdaq Minimum Price of the common stock on the day preceding the exchange agreements.
- Regulatory Basis: The issuance was conducted under the Section 3(a)(9) exemption of the Securities Act of 1933.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the disclosure of the unregistered sale of securities.
Investor Verification Checklist
- Verify the exact Nasdaq Minimum Price used to calculate the 674,923 exchange shares.
- Confirm the remaining balance of Series B Preferred Stock outstanding after this exchange.
- Review the impact of the 674,923 new common shares on total share count and potential dilution.
- Check for any subsequent filings regarding the registration rights or vesting of the issued Exchange Shares.