Edible Garden AG Incorporated filed SEC Form 8-K: Unregistered Sales of Equity Securities
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Item 3.02. Unregistered Sales of Equity Securities.
On July 8, 2026 and July 9, 2026, Edible Garden AG Incorporated (the “Company”) entered into exchange agreements (the “Exchange Agreements”) with Streeterville Capital, LLC, a Utah limited liability company (“Streeterville”) pursuant to which the Company agreed to exchange 939 and 195 shares, respectively, of the Company’s Series B Preferred Stock, par value $0.0001 per share (the “Preferred Stock”), for a total of 8,203,075 shares of the Company’s common stock, par value $0.0001 per share (“Exchange Shares”). The Preferred Stock had an aggregate stated value of $1,134,000 (the “Stated Value”), or $1,000 per share. For 432 shares of the Preferred Stock exchanged on July 8, 2026 and all of the shares of Preferred Stock exchanged on July 9, 2026, the number of Exchange Shares issued under the Exchange Agreements was determined by dividing the Stated Value attributable to the shares of Preferred Stock by $0.13. For the remaining 507 shares of Preferred Stock, the number of Exchange Shares issued under the Exchange Agreements was determined by dividing the Stated Value of the remaining shares of Preferred Stock by $0.15. The issuance of the Exchange Shares pursuant to the Exchange Agreements were not registered under the Securities Act of 1933, as amended (the “Securities Act”), and were conducted pursuant to the exemption provided in Section 3(a)(9) under the Securities Act.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EDIBLE GARDEN AG INCORPORATED | ||||
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Date: July 10, 2026 | /s/ James E. Kras | ||||
| Name: | James E. Kras |
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| Title: | President and Chief Executive Officer |
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