Edible Garden swaps preferred stock for 175,165 shares
Edible Garden AG Incorporated reported that it entered into a series of exchange agreements with Streeterville Capital, LLC on February 9, March 4, March 9 and March 10, 2026.
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Rhea-AI Filing Summary
Edible Garden AG Incorporated reported that it entered into a series of exchange agreements with Streeterville Capital, LLC on February 9, March 4, March 9 and March 10, 2026. Under these agreements, the company exchanged 90, 192, 65 and 133 shares of its Series B Preferred Stock, with an aggregate stated value of $480,000, for a total of 175,165 shares of common stock.
The number of common shares issued was calculated by dividing the stated value of the preferred stock, set at $1,000 per share, by the Nasdaq Minimum Price of the company’s common stock on the trading day immediately before each agreement date. These common shares were issued without registration under the Securities Act, relying on the Section 3(a)(9) exemption for exchanges with an existing security holder.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transaction did Edible Garden (EDBL) disclose in this 8-K?
What was the stated value of the Edible Garden Series B Preferred Stock exchanged?
On which dates did Edible Garden enter the exchange agreements with Streeterville Capital?
AI-generated analysis. How Rhea-AI works. Not financial advice.