Edible Garden AG Inc Announces $7.2M At-The-Market Equity Offering

What Happened
Edible Garden AG Incorporated (EDBL) announced on August 11, 2026 that it entered into an Equity Distribution Agreement with Maxim Group LLC to conduct an at-the-market (ATM) offering of its common stock. The agreement allows the company to sell up to $7,195,548 of common shares from time to time under its Form S-3 shelf registration (File No. 333-297912), which became effective August 7, 2026.

Key Details

• Agent: Maxim Group LLC will act as sales agent and receive a fixed commission of 3.0% of gross proceeds.
• Offering size and timeframe: up to $7,195,548 aggregate offering price; offering may continue until August 11, 2027, the sale of all shares in the related prospectus supplement, or termination by either party.
• Expenses and legal: Company will reimburse the Agent’s counsel fees up to $30,000 upon execution, plus certain ongoing legal fees; company counsel Harter Secrest & Emery LLP provided a legal opinion filed as Exhibit 5.1.
• Flexibility: Sales occur at market prices under Rule 415; the company has no obligation to sell shares and may suspend or terminate sales at any time.

Why It Matters
This ATM program gives Edible Garden a flexible, on‑demand way to raise capital by selling shares at prevailing market prices without a single large offering. For investors, that means potential dilution if and when the company sells shares, and net proceeds will be reduced by the 3% sales commission and legal expenses. The actual impact depends on if and how much the company decides to sell under the program before it ends or is terminated.