Edible Garden AG Inc 8-K

What Happened

• Edible Garden AG Inc (EDBL) announced on July 10, 2026 that it entered into exchange agreements on July 8 and July 9, 2026 with Streeterville Capital, LLC to exchange a total of 1,134 shares of Series B Preferred Stock for 8,203,075 shares of common stock. The Preferred Stock had an aggregate stated value of $1,134,000 ($1,000 per preferred share). Portions of the preferred were converted using $0.13 and $0.15 conversion bases.

Key Details

• Counterparty: Streeterville Capital, LLC (Utah limited liability company).
• Preferred exchanged: 939 shares on July 8, 2026 and 195 shares on July 9, 2026 (total 1,134 preferred shares).
• Total common issued: 8,203,075 common shares of the Company.
• Stated value and conversion: aggregate stated value $1,134,000; conversions used $0.13 for 627 preferred shares (432 of the July 8 tranche + all 195 on July 9) and $0.15 for the remaining 507 preferred shares (resulting in ~4.82M shares at $0.13 and ~3.38M shares at $0.15).
• Securities treatment: the issuance was not registered under the Securities Act and was completed under the Section 3(a)(9) exemption.

Why It Matters

• This is a non‑cash transaction that increases the company’s outstanding common shares by about 8.2 million, which can dilute existing shareholders’ ownership percentage.
• The conversion prices ($0.13 and $0.15 per share) determined the exchange amounts rather than current market trading prices.
• Investors should monitor subsequent filings and the company’s updated share count/cap table to understand the effect on earnings per share, ownership, and voting power.