Corporate ActionAug 11, 2026, 04:28 PM
Edible Garden Establishes $7.2M At-The-Market Offering
AI Summary
Edible Garden AG Inc. has entered into an Equity Distribution Agreement with Maxim Group LLC to establish an at-the-market (ATM) offering program. Under this agreement, the company may sell shares of its common stock for an aggregate offering price of up to $7,195,548. The offering will be conducted through Maxim Group LLC, which will receive a 3.0% commission on the gross proceeds from shares sold.
Key Highlights
- Edible Garden AG Inc. entered an Equity Distribution Agreement with Maxim Group LLC.
- Company may issue and sell common stock through an at-the-market offering.
- Aggregate offering price of up to $7,195,548.
- Maxim Group LLC will act as the sales agent.
- Agent will receive a 3.0% commission on gross proceeds from sales.
- Offering terminates by August 11, 2027, or earlier.
- Company to reimburse agent's counsel fees up to $30,000.
Price Impact
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