SplitJul 1, 2026, 04:37 PM
Edible Garden AG Stockholders Approve Reverse Stock Split
AI Summary
Edible Garden AG stockholders approved a proposal to effect a reverse stock split of its common stock, with a range of 1-for-5 to 1-for-250 shares, at the discretion of the Board of Directors. Additionally, the company entered into exchange agreements to convert 1,830 shares of Series B Preferred Stock, with an aggregate stated value of $1,830,000, into 11,000,786 shares of common stock. At the Annual Meeting, five directors were elected, and CBIZ CPAs P.C. was ratified as the independent auditor.
Key Highlights
- Stockholders approved a reverse stock split in a range of 1-for-5 to 1-for-250 shares.
- Company exchanged 1,830 shares of Series B Preferred Stock for 11,000,786 common shares.
- The Preferred Stock had an aggregate stated value of $1,830,000.
- Five directors were elected for a one-year term at the Annual Meeting.
- CBIZ CPAs P.C. was ratified as the independent registered public accounting firm for 2026.
- 1,924,358 shares were present or represented by proxy at the Annual Meeting.
Price Impact
More from EDBL