Edible Garden Converts $121K Preferred Stock to Common, Adding to Dilution
EDBL is trading near its 52-week low of $2.06 (11% above the low) on light trading volume (0.2× avg).
Summary
Edible Garden AG Inc. converted $121,000 of Series B Preferred Stock into 50,840 common shares, marking another dilutive event for common shareholders.
Key Events · Financing and Capital Events · EDBL
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Preferred Stock Conversion
Edible Garden AG Inc. exchanged 121 shares of Series B Preferred Stock, with an aggregate stated value of $121,000, for 50,840 shares of common stock with Streeterville Capital, LLC on March 12, 2026.
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Significant Dilution
The issuance of 50,840 common shares represents a substantial increase in the common share count relative to the company's current market capitalization, leading to dilution for existing common shareholders.
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Continuation of Dilutive Pattern
This conversion follows a similar, larger transaction reported on March 10, 2026, where $480,000 in preferred stock was converted, highlighting an ongoing trend of reducing preferred stock obligations through common share issuance.
Analysis · EDBL · Industrial Applications And Services
Edible Garden AG Inc. continues to convert its Series B Preferred Stock into common shares, a move that significantly increases the outstanding common share count relative to the company's small market capitalization. This latest conversion of $121,000 in preferred stock follows a larger $480,000 conversion reported on March 10, 2026, indicating an ongoing strategy to reduce preferred stock obligations through common share issuance. While these conversions address preferred stock liabilities, they result in substantial dilution for existing common shareholders, potentially impacting per-share value.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 29.7% of the 1739 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. 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 $2.28 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4M. The 52-week trading range was $2.06 to $62.90. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.