Edible Garden swaps Series B preferred for common
Edible Garden AG Incorporated reported that it entered into exchange agreements with Streeterville Capital, LLC on March 26, 2026 and April 15, 2026.
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Form Type
8-K
Rhea-AI Filing Summary
Edible Garden AG Incorporated reported that it entered into exchange agreements with Streeterville Capital, LLC on March 26, 2026 and April 15, 2026. The Company exchanged 135 shares of its Series B Preferred Stock, with an aggregate stated value of $135,000, for a total of 128,119 shares of common stock. The number of common shares issued was calculated by dividing the stated value by the Nasdaq Minimum Price of the Company’s common stock on the trading day before each agreement date. These common shares were issued as unregistered securities under Section 3(a)(9) of the Securities Act.
8-K Event Classification
Item 3.02 — Unregistered Sales of Equity Securities
1 item
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Key Figures
Common shares issued: 128,119 shares
Aggregate stated value: $135,000
Preferred shares exchanged: 135 shares
+2 more
5 metrics
Common shares issued
128,119 shares
Exchange of preferred stock for common
Aggregate stated value
$135,000
Series B Preferred Stock exchanged
Preferred shares exchanged
135 shares
Series B Preferred Stock (75 and 60 shares)
Per-share stated value
$1,000 per share
Series B Preferred Stock
Agreement dates
March 26, 2026 and April 15, 2026
Dates of exchange agreements with Streeterville
Key Terms
Exchange Agreements, Series B Preferred Stock, Stated Value, Nasdaq Minimum Price, +1 more
5 terms
Exchange Agreements financial
"the Company entered into exchange agreements (the “Exchange Agreements”) with Streeterville Capital"
A contractual arrangement where two or more parties agree to swap assets, securities, or obligations under specified terms and conditions, such as share-for-share exchanges, debt-for-equity conversions, or asset swaps. These agreements matter to investors because they change who owns what and how a company’s balance sheet and future cash flows look—think of it like two people trading items that can alter each person’s overall collection and resale value.
Series B Preferred Stock financial
"75 and 60 shares, respectively, of the Company’s Series B Preferred Stock"
Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.
Stated Value financial
"The Preferred Stock had an aggregate stated value of $135,000 (the “Stated Value”)"
Stated value is an accounting figure a company assigns to a share when the share has no par (legal) value; it becomes the portion of proceeds recorded as the company’s permanent capital for regulatory and bookkeeping purposes. It matters to investors because it affects the equity reported on the balance sheet and the legal limits on distributions or dividend payments, but it is not the market price — think of it as a record-keeping sticker price rather than what buyers actually pay.
Nasdaq Minimum Price financial
"determined by dividing the Stated Value by the Nasdaq Minimum Price of the Company’s common stock"
A Nasdaq minimum price is the lowest share price a company must maintain to meet listing rules on the Nasdaq stock market, similar to a height requirement that determines whether someone can stay on a ride. If a stock falls below that threshold for a sustained period, the company can be warned or removed from the exchange, which can reduce investor liquidity, increase trading costs and signal potential financial trouble.
Section 3(a)(9) regulatory
"conducted pursuant to the exemption provided in Section 3(a)(9) under the Securities Act"
Section 3(a)(9) is a provision of U.S. securities law that exempts certain exchanges of an issuer’s own securities with its existing holders from the usual public registration rules, typically when the swap doesn’t involve a public offering or outside buyers. For investors, it matters because such exchanges can change who holds what, affect dilution and liquidity, and may occur with less public disclosure than a registered sale — think of it like swapping old coupons for new ones behind the scenes rather than selling them in a public marketplace.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transaction did EDBLW company Edible Garden complete?
Edible Garden exchanged shares of Series B Preferred Stock for common stock. It issued 128,119 common shares to Streeterville Capital in return for preferred shares with a stated value of $135,000, restructuring part of its capital without a cash component.
What securities did Edible Garden exchange with Streeterville Capital?
Edible Garden exchanged 135 shares of its Series B Preferred Stock for common stock. Specifically, it swapped 75 shares in one agreement and 60 shares in another, both converted into an aggregate of 128,119 common shares issued to Streeterville Capital.
What was the stated value of the Edible Garden preferred stock exchanged?
The exchanged Series B Preferred Stock had an aggregate stated value of $135,000. Each preferred share carried a stated value of $1,000, and this total was used to calculate how many common shares Streeterville Capital received under the exchange agreements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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