Edible Garden Enters Into Warrant Exercise Transaction for $3.0 Million in Gross Proceeds
Edible Garden AG Incorporated (EDBL)
Company Research
Source: GlobeNewswire
BELVIDERE, N.J., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, announced today that it has entered into an agreement with a single institutional investor that is an existing holder of its warrants wherein the investor agreed to exercise 8,330,000 outstanding Class B Warrants (the “Existing Warrants”) to purchase an aggregate of 8,330,000 shares of common stock for cash at the exercise price of $0.36 per share. These warrants were previously issued in a public offering which closed in September 2024. The net proceeds of the exercise of the Existing Warrants to the Company, after deducting estimated expenses and fees, are expected to be approximately $2.8 million. Maxim Group LLC acted as warrant inducement agent and financial advisor in connection with the transaction. In consideration for
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News
- Edible Garden Enters Into Warrant Exercise Transaction for $3.0 Million in Gross Proceeds [Yahoo! Finance]Yahoo! Finance
- Edible Garden Preliminary Sales Results During Key Thanksgiving Time Period Surge 51% in 2024GlobeNewswire
- Edible Garden to Showcase USDA Organic Produce and Sustainable Initiatives at 2024 New York Produce Show and Conference, December 11, 2024GlobeNewswire
- Edible Garden Drives Distribution of USDA Organic Herbs at Additional Key Food, City Supermarket and Lincoln Market Locations in NY Metropolitan AreaGlobeNewswire
- Dario Pressimone Joins Edible Garden as Vice President of Digital and E-Commerce [Yahoo! Finance]Yahoo! Finance
EDBL
Sec Filings
- 12/26/24 - Form 8-K
- 12/23/24 - Form DEF
- 12/19/24 - Form 8-K
- EDBL's page on the SEC website