Edible Garden Converts $1.13M Preferred Stock into 8.2M Common Shares at $0.13-$0.15, Deepening Dilution
EDBL sits 18% above its 52-week low of $0.077.
Summary
Edible Garden converted $1.13 million of Series B Preferred Stock into 8.2 million common shares at $0.13-$0.15 per share, further diluting existing holders amid a going concern warning and Nasdaq delisting threat.
Key Events · Financing and Capital Events · EDBL
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Preferred Stock Conversion
On July 8-9, 2026, Edible Garden exchanged 1,134 shares of Series B Preferred Stock (stated value $1,134,000) for 8,203,075 common shares, with conversion prices of $0.13 and $0.15 per share.
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Dilution Impact
The conversion adds 8.2 million shares, significantly diluting existing holders. With the stock at $0.09, the conversion prices represent a premium, but the sheer volume of new shares exacerbates the ongoing dilution trend.
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Financial Distress Context
This conversion follows multiple similar events in recent months, occurring while the company has a going concern warning, cash only into Q3 2026, and a Nasdaq delisting notice for failing the $1 minimum bid price.
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Reverse Stock Split Vote
Shareholders recently approved a reverse stock split (1-for-5 to 1-for-250) to regain Nasdaq compliance, but continued dilution undermines the effectiveness of such a split.
Analysis · EDBL · Industrial Applications And Services
Edible Garden continues its pattern of converting preferred stock into common shares, this time exchanging $1.13 million in Series B Preferred for 8.2 million common shares at conversion prices of $0.13 and $0.15. With the stock trading at $0.09, these conversions are deeply dilutive and signal ongoing financial distress. The company already faces a going concern warning, Nasdaq delisting, and a reverse stock split vote — this latest conversion adds to the extreme dilution that has crushed existing shareholders.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 43.9% of the 999 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.15%. 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 $0.09 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $533.3K. The 52-week trading range was $0.08 to $27.80. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.