Edible Garden Sets 1-for-45 Reverse Stock Split Effective July 13 to Regain Nasdaq Compliance

summarizeSummary

Edible Garden AG Inc. announced a 1-for-45 reverse stock split effective July 13, 2026, to regain compliance with Nasdaq's $1 minimum bid price rule. The split follows months of heavy dilution and a going-concern warning.

check_boxKey Events · Corporate Governance and Compliance · EDBL

• 1-for-45 Reverse Stock Split

  Effective July 13, 2026, every 45 shares of common stock will be combined into one share. The total authorized shares remain at 100 million common and 10 million preferred.

• Nasdaq Compliance Lifeline

  The reverse split is designed to lift the stock price above $1.00 to satisfy Nasdaq's minimum bid requirement, following a delisting notice received on May 29, 2026.

• Ongoing Financial Distress

  The company continues to operate under a going-concern warning with cash only sufficient into Q3 2026, and has been heavily diluting shareholders through preferred stock conversions.

• Post-Split Trading

  Shares will begin trading on a split-adjusted basis under the symbol EDBL on July 13, 2026. Warrants (EDBLW) will be proportionately adjusted.

auto_awesomeAnalysis · EDBL · Industrial Applications And Services

To push its share price above the $1 minimum required by Nasdaq, Edible Garden is executing a 1-for-45 reverse stock split on July 13, 2026. The company has been under a delisting notice since May 29 and has been aggressively diluting shareholders through preferred stock conversions. While the reverse split is a mechanical fix that reduces the share count, it does not change the underlying financial distress. With a going-concern warning and cash only into Q3 2026, the split buys time but does not solve the fundamental problems.