Edible Garden AG Converts $1.18M Preferred Stock into Common, Causing Significant Dilution
EDBL is trading near its 52-week low of $0.883 (7.2% above the low) on light trading volume (0.3× avg).
Summary
Edible Garden AG Inc. converted $1.18 million in preferred stock into 670,199 common shares, a highly dilutive event that significantly increases the common share count.
Key Events · Financing and Capital Events · EDBL
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Significant Preferred Stock Conversion
Edible Garden AG converted $1,184,000 of Series B Preferred Stock into 670,199 common shares across three separate agreements on March 19, 24, and 26, 2026.
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Substantial Dilution for Common Shareholders
The conversion represents a highly dilutive event, as the value of the converted preferred stock is more than double the company's current market capitalization, significantly increasing the outstanding common share count.
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Continuation of Dilutive Pattern
This follows a pattern of similar preferred stock conversions, with a previous conversion of $121,000 reported on March 18, 2026, indicating ongoing capital structure adjustments that impact common equity.
Analysis · EDBL · Industrial Applications And Services
Edible Garden AG Inc. executed multiple exchange agreements to convert $1,184,000 of Series B Preferred Stock into 670,199 common shares. This transaction, occurring across three dates in March 2026, represents a highly dilutive event for existing common shareholders. The value of the converted preferred stock is more than double the company's current market capitalization, indicating a substantial increase in the outstanding common share count. This follows a recent pattern of similar preferred stock conversions, with a previous conversion reported on March 18, 2026, highlighting ongoing capital structure adjustments that significantly impact common equity.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EDBL was trading at $0.95 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $568.7K. The 52-week trading range was $0.88 to $62.90. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.