BackSummary
Edible Garden AG Incorporated exchanged preferred stock for common shares in unregistered transactions with Streeterville Capital, LLC in March 2026.
Key takeaways
- The company exchanged 1,184 shares of Series B Preferred Stock for 670,199 shares of common stock with Streeterville Capital, LLC.
- The exchange occurred in three separate agreements on March 19, 24, and 26, 2026.
- The exchange was based on the Nasdaq Minimum Price of the company's common stock preceding each agreement date.
- The transactions were conducted without registration under the Securities Act, using Section 3(a)(9) exemption.
- The preferred stock had an aggregate stated value of $1,184,000, or $1,000 per share.