On August 3, 2026, Edible Garden AG Inc. exchanged 1,252 shares of its Series B Preferred Stock for 537,335 shares of common stock pursuant to agreements with Streeterville Capital, LLC. The preferred stock carried an aggregate stated value of $1,252,000, or $1,000 per share. The number of exchange shares was calculated by dividing the stated value by the Nasdaq minimum price of the company's common stock on the preceding day. This unregistered transaction relied on the Section 3(a)(9) exemption under the Securities Act of 1933. Edible Garden AG Inc. operates in the agricultural technology industry, focusing on indoor farming and vertical agriculture solutions.
