Edible Garden exchanges $1.134M of preferred stock for common shares
Edible Garden AG exchanged 1,134 shares of Series B Preferred Stock for 8,203,075 common shares with Streeterville Capital. The preferred stock had a stated value of $1,134,000 and was exchanged at rates of $0.13 and $0.15 per share. The transaction was executed on July 8 and July 9, 2026, under Section 3(a)(9) of the Securities Act.
*this image is generated using AI for illustrative purposes only.
Edible Garden AG Incorporated exchanged 1,134 shares of its Series B Preferred Stock for 8,203,075 common shares through agreements with Streeterville Capital, LLC. The transactions, executed on July 8, 2026 and July 9, 2026, involved preferred stock with an aggregate stated value of $1,134,000. The exchange allows the company to convert preferred holdings into common equity at specified conversion prices.
The exchange agreements stipulated different conversion rates for portions of the preferred stock. For 432 shares exchanged on July 8, 2026 and all shares exchanged on July 9, 2026, the conversion price was set at $0.13 per share. The remaining 507 shares of preferred stock were converted at a price of $0.15 per share. The par value for both the preferred and common stock involved in the transaction is $0.0001 per share.
Transaction Details
The breakdown of the exchange agreements is outlined below:
| Date | Preferred Shares Exchanged | Conversion Price | Common Shares Issued |
|---|---|---|---|
| July 8, 2026 | 432 | $0.13 | 3,323,077 |
| July 8, 2026 | 507 | $0.15 | 3,380,000 |
| July 9, 2026 | 195 | $0.13 | 1,500,000 |
| Total | 1,134 | 8,203,075 |
Regulatory Compliance
The issuance of the common shares was not registered under the Securities Act of 1933, as amended. Instead, the transaction was conducted pursuant to the exemption provided in Section 3(a)(9) of the Securities Act. This section typically covers exchanges of securities by the issuer with a holder where no commission or other remuneration is paid or given directly or indirectly for soliciting the exchange.
How will the dilution from issuing over 8 million common shares impact existing shareholders?
Does Edible Garden AG plan to register these shares to facilitate liquidity for Streeterville Capital?
What capital allocation strategy does the company intend to pursue following this equity restructuring?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
