Edible Garden AG Raises $10.2M via Stock and Warrants
Ticker: EDBLW · Form: 10-Q · Filed: May 15, 2025 · CIK: 1809750
| Field | Detail |
|---|---|
| Company | Edible Garden Ag Inc (EDBLW) |
| Form Type | 10-Q |
| Filed Date | May 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: capital-raise, warrants, equity-offering
TL;DR
**Edible Garden AG raised $10.2M from stock/warrant sale, warrants expire 2028 at $3150.**
AI Summary
Edible Garden AG Inc. filed a 10-Q for the period ending March 31, 2025. In February 2023, the company raised approximately $10.2 million in gross proceeds through the issuance of common stock and warrants. These warrants are exercisable at $3,150 per share and expire on February 7, 2028.
Why It Matters
This filing details a significant capital raise for Edible Garden AG, which could impact its future operations and growth prospects.
Risk Assessment
Risk Level: medium — The company's financial health and operational execution are key risks, especially given the nature of capital raises and warrant structures.
Key Numbers
- $10.2M — Gross Proceeds (Raised in February 2023 through stock and warrant issuance.)
- $3,150 — Warrant Exercise Price (Price per share to exercise the February Follow-On Warrants.)
- 2028-02-07 — Warrant Expiration (The date the February Follow-On Warrants expire.)
Key Players & Entities
- Edible Garden AG Inc. (company) — Filer of the 10-Q
- $10.2 million (dollar_amount) — Gross proceeds from stock and warrant issuance
- February 7, 2023 (date) — Date of underwriting agreement and stock/warrant issuance
- February 7, 2028 (date) — Expiration date of the February Follow-On Warrants
- $3,150 (dollar_amount) — Exercise price per share for the February Follow-On Warrants
- Maxim (company) — Underwriter for the stock and warrant issuance
FAQ
What was the total number of shares of common stock issued in the February 2023 offering?
The filing states that an aggregate of 3,238 shares of common stock were issued.
How many warrants were issued in the February 2023 offering?
An aggregate of 3,724 warrants to purchase common stock were issued.
What is the exercise price of the February Follow-On Warrants?
The exercise price is $3,150 per share.
When did the February Follow-On Warrants become exercisable?
They became exercisable on February 7, 2023.
What is the filing period for this 10-Q?
The Conformed Period of Report is March 31, 2025, covering the first quarter of 2025.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 15, 2025 regarding Edible Garden AG Inc (EDBLW).