EDBLW · Edible Garden AG Incorporated

The Company executed exchange agreements to convert 135 shares of Series B Preferred Stock, carrying an aggregate stated value of $135,000, into 128,119 shares of common stock. This transaction occurred in two tranches: 75 preferred shares on March 26, 2026, and 60 on April 15, 2026, with Streeterville Capital, LLC as the counterparty. Pricing for the common shares issued was based solely on the Nasdaq Minimum Price reported on the preceding trading day, ensuring compliance with exchange listing standards. The unregistered nature of the issuance leverages the Section 3(a)(9) exemption, applicable to exchanges between the issuer and existing security holders, avoiding the need for a public registration. For investors, this reduces the Company's preferred stock liabilities, potentially simplifying its capital structure, though it increases the float of common shares outstanding.