Edible Garden converts $2.07M of preferred stock into 674,923 shares at a premium to market
EDBL is trading near its 52-week low of $2.25 (4.5% above the low) on light trading volume (0.2× avg).
Summary
Edible Garden converted $2.07 million of Series B Preferred Stock into 674,923 common shares at a premium to the current market price, adding to ongoing dilution as the company fights for survival.
Key Events · Financing and Capital Events · EDBL
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Preferred Stock Conversion
On July 27 and 29, 2026, Edible Garden entered exchange agreements with Streeterville Capital, converting 2,074 shares of Series B Preferred Stock (stated value $2,074,000) into 674,923 common shares.
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Conversion Price at Premium
The conversion price was determined by the Nasdaq Minimum Price on the day before each agreement, implying approximately $3.07 per share — a premium to the current stock price of $2.35, indicating the holder's willingness to accept shares above market.
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Ongoing Dilution
This conversion follows a series of preferred stock conversions in recent months, including $1.13 million converted into 8.2 million pre-split shares on July 10, 2026, and $1.22 million converted into 3.25 million pre-split shares on May 21, 2026, significantly diluting existing shareholders.
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Financial Distress Context
The company has a going-concern warning with cash only sufficient into Q3 2026, and the stock trades near its 52-week low after a 1-for-45 reverse split on July 13, 2026, aimed at regaining Nasdaq compliance.
Analysis · EDBL · Industrial Applications And Services
Edible Garden exchanged $2.07 million in Series B Preferred Stock with Streeterville Capital for 674,923 common shares, continuing a pattern of dilutive conversions but at a price above the current market. The conversion price of approximately $3.07 per share (post-split) represents a premium to the stock's recent trading near $2.35, suggesting the holder sees value above the distressed market price. However, this adds to the massive dilution already underway — the company has been converting preferred stock to common for months, and with a going-concern warning and cash only into Q3 2026, these conversions are a survival mechanism that erodes existing shareholders. The filing comes just weeks after a 1-for-45 reverse split and amid a delisting threat, underscoring the precarious position.
How filings like this one have moved
In the 30 days to Sep 19, 2026, 35% of the 1115 measured filings Wiseek scored 8 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 $2.35 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.5M. The 52-week trading range was $2.25 to $1,250.96. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.