Edible Garden AG Converts $390K Preferred Stock to Common, Resulting in Significant Dilution
EDBL is trading near its 52-week low of $3.2 (6.9% above the low).
Summary
Edible Garden AG Inc. exchanged $390,000 in Series B Preferred Stock for 59,114 shares of common stock with Streeterville Capital, LLC, a transaction that significantly dilutes existing common shareholders.
Key Events · Financing and Capital Events · EDBL
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Preferred Stock Conversion
Edible Garden AG exchanged $390,000 of Series B Preferred Stock for 59,114 shares of common stock with Streeterville Capital, LLC.
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Significant Dilution
The conversion represents a substantial portion of the company's market value, resulting in significant dilution for common shareholders.
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Post-Reverse Split Share Count
The common share count reflects the 1-for-10 reverse stock split that became effective on February 3, 2026, as previously announced on January 30, 2026.
Analysis · EDBL · Industrial Applications And Services
This 8-K filing details a series of exchange agreements where Edible Garden AG converted $390,000 of Series B Preferred Stock into 59,114 common shares. This transaction represents a substantial portion of the company's market capitalization, leading to significant dilution for existing common shareholders. The conversion price was determined by the Nasdaq Minimum Price, which often indicates a conversion at a low valuation. This capital event follows the company's recent 1-for-10 reverse stock split, which became effective on February 3, 2026, and the share counts in this filing reflect that split.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 34.7% of the 1035 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.45%. 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 $3.42 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.8M. The 52-week trading range was $3.20 to $77.50. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.