Edible Garden AG Inc 8-K

What Happened Edible Garden AG Inc (EDBL) announced on June 12, 2026 that it entered into a Notes Purchase Agreement with Streeterville Capital, LLC to issue two promissory notes for an aggregate $12,000,000. The company issued a Promissory Note A‑1 with an original principal of $2,170,000 (issued with a $160,000 original issue discount) and a Secured Promissory Note B with an original principal of $10,000,000. The Notes mature 18 months from their respective purchase price dates and bear interest of 8% (A‑1) and 5% (B), subject to the agreement terms.

Key Details

• Total financing: $12,000,000 (A‑1 Note $2,170,000; B Note $10,000,000).
• Interest and terms: A‑1 interest 8% p.a. (with $160,000 original issue discount); B Note interest 5% p.a.; both mature in 18 months.
• Security and guarantees: Company obligations secured by a first‑priority security interest in a deposit account (per a control agreement), a pledge of equity of EDBL Holdings, LLC, and guaranties by certain subsidiaries (including EDBL Holdings, LLC, 2900 Madison Ave Holdings, LLC, and Edible Garden Corp.).
• Redemption and covenants: Investor can require redemptions beginning six months after the purchase date (monthly and additional limited rights tied to trading conditions). Agreement includes customary events of default and covenants (SEC reporting, restrictions on additional indebtedness and securities issuances, limits on liens), subject to stated exceptions.

Why It Matters This 8‑K documents a material debt financing that increases Edible Garden’s near‑term liabilities by $12M and places creditor protections (security interests and subsidiary guaranties) in favor of Streeterville Capital. The notes include repayment and redemption rights starting at six months and covenants that may restrict the company’s ability to take on more debt or issue certain securities. Investors should note the higher leverage and the secured nature of the financing when assessing company liquidity and capital structure.