Edible Garden AG (EDBL) Files for 4.67M Unit Offering

Edible Garden AG (NASDAQ: EDBL) has filed the following:

We are offering on a reasonable best efforts basis up to 4,672,898 units (“Units”), each consisting of one share of common stock, par value $0.0001 per share (“common stock”) and one warrant (“warrant”) to purchase one share of common stock at an assumed public offering price of $1.07 per Unit, which was the closing price of our common stock on the Nasdaq Capital Market (“Nasdaq”) on September 3, 2024, for gross proceeds of up to $5 million. The public offering price per Unit will be determined between us and the placement agent based on market conditions at the time of pricing, and may be at a discount to the then current market price of our common stock. Therefore, the recent market price of our common stock referenced throughout this preliminary prospectus may not be indicative of the final offering price per Unit. The Units have no stand-alone rights and will not be certified or issued as stand-alone securities. The common stock or Pre-Funded Warrants (as defined below) and warrants are immediately separable and will be issued separately in this offering. Each warrant will be immediately exercisable for one share of common stock at an assumed exercise price of $1.07 per share (100% of the assumed public offering price per Unit) and will expire five years from the date of issuance.

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