Edible Garden AG Incorporated entered into exchange agreements with Streeterville Capital to swap 1,830 shares of Series B Preferred Stock, with a stated value of $1,830,000, for 11,000,786 unregistered shares of common stock. The exchange ratio was based on the Nasdaq Minimum Price of the common stock on the trading day before each agreement.
The company also held its annual meeting, where 5,599,863 shares of common stock were entitled to vote and 1,924,358 shares were present or represented by proxy. All listed director nominees received more votes for than withheld, and the other proposals presented received more votes for than against.
Edible Garden AG Incorporated reconvened and then adjourned its 2026 annual meeting of stockholders held on June 25, 2026. The meeting will reconvene virtually on June 30, 2026 at 10:00 a.m. Eastern Time at the same web address described in the company’s definitive proxy statement.
The record date of May 6, 2026 remains unchanged, so only shareholders of record on that date are entitled to vote when the meeting reconvenes. The polls will stay open for voting during the adjournment period, and there are no changes to the proposals submitted for shareholder consideration.
Edible Garden AG Inc reported a significant insider share purchase by major shareholders Scott Wolinsky and Maria Theresa Wolinsky. The Form 4 shows an open-market purchase of 950,000 shares of Edible Garden AG Inc common stock at $0.225 per share on June 15, 2026. Both reporting persons are identified as ten percent owners, indicating a sizeable existing relationship with the company and highlighting a substantial direct cash investment into its stock.
Edible Garden AG Incorporated entered into a Notes Purchase Agreement with Streeterville Capital, LLC, under which it will issue two promissory notes for an aggregate purchase price of 12,000,000. The A‑1 Note has an original principal amount of 2,170,000 with a 160,000 original issue discount and bears 8% annual interest. The B Note has an original principal amount of 10,000,000 and bears 5% annual interest. Both notes mature eighteen months from their purchase price date and are secured by a first‑priority security interest in a deposit account, a pledge of EDBL Holdings, LLC equity interests, and guarantees from several subsidiaries. Beginning six months after the purchase price date, the investor may require cash redemptions of portions of the notes, and the agreements include customary default provisions and covenants restricting additional debt, new liens, and certain securities issuances.
Edible Garden AG Incorporated reported that it entered into exchange agreements with Streeterville Capital, LLC on May 21 and June 8, 2026. The company exchanged a total of 199 shares of Series B Preferred Stock, with an aggregate stated value of $199,000, for 865,903 shares of common stock.
The stated value of the preferred stock was $1,000 per share, and the common share amount was calculated by dividing this stated value by the Nasdaq Minimum Price of the company’s common stock on the trading day before each agreement. The exchanges were unregistered issuances conducted under the Section 3(a)(9) exemption of the Securities Act.
Edible Garden AG Inc ten percent owners Scott and Maria Theresa Wolinsky reported an open-market purchase of 150,000 common shares at $0.194 per share. Following this transaction, their reported direct holdings increased to 950,000 shares, reflecting a larger equity stake in the company.
Edible Garden AG Inc ten percent owners Scott Wolinsky and Maria Theresa Wolinsky reported a series of open-market share purchases. They bought a total of 1,050,000 Edible Garden AG Inc [EDBL] shares across three transactions between May 27, 2026 and June 3, 2026.
They purchased 150,000 shares at $0.27 per share on May 27, 400,000 shares at $0.22 per share on June 1, and 500,000 shares at $0.21 per share on June 3. Following the most recent transaction, their directly reported holdings increased to 1,700,000 shares.
Edible Garden AG Inc insiders Scott Wolinsky and Maria Theresa Wolinsky filed an initial ownership report showing a direct holding of 1,550,000 shares of Edible Garden AG Inc common stock as of May 26, 2026. Their aggregate holdings make each a ten percent beneficial owner of the company.
Edible Garden AG Incorporated reported that Nasdaq notified the company it no longer meets the $1.00 per share minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) after at least 30 consecutive business days below that level. Because the company has completed significant reverse stock splits in the past two years, it is not eligible for an automatic compliance period. Unless it appeals, trading of its securities on Nasdaq will be suspended at the opening of business on June 5, 2026. The company plans to request a hearing before a Nasdaq Hearings Panel by June 3, 2026, which will stay the suspension while the appeal is pending, but there is no assurance Nasdaq will grant additional time or that the company will regain compliance.
Edible Garden AG Incorporated entered into exchange agreements with Streeterville Capital to convert preferred stock into common shares. The company exchanged 1,222 shares of Series B Preferred Stock, with an aggregate stated value of $1,222,000, for 3,253,455 shares of common stock. The exchange shares were issued based on the Nasdaq Minimum Price of the common stock on the day before the agreements were signed and were issued as unregistered securities under the Section 3(a)(9) exemption of the Securities Act.