StockWatch
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Farming/Seeds/Milling
Corporate ActionMay 21, 2026, 04:38 PM

Edible Garden Exchanges $1.22M Preferred Stock for 3.25M Common Shares

AI Summary

Edible Garden AG Incorporated entered into exchange agreements with Streeterville Capital, LLC on May 15, 2026. The company exchanged 1,222 shares of its Series B Preferred Stock, with an aggregate stated value of $1,222,000, for a total of 3,253,455 shares of its common stock. This issuance of common stock was unregistered and conducted pursuant to the exemption provided in Section 3(a)(9) under the Securities Act.

Key Highlights

  • Edible Garden exchanged 1,222 shares of Series B Preferred Stock.
  • The Preferred Stock had an aggregate stated value of $1,222,000.
  • The company issued 3,253,455 shares of common stock in exchange.
  • The common stock issuance was unregistered under Section 3(a)(9) of the Securities Act.