Massive per-share dilution without any cash infusion — Streeterville converting at a deep effective discount accelerates downside pressure on EDBL common. Watch for further conversions; the warrant overhang and preference stack remain possible future dilution paths. Given zero revenue from this transaction and a dilutive event of this scale, expect further price erosion in EDBLW.
Price Chart
Executive Summary
Edible Garden exchanged 1,222 shares of Series B Preferred Stock (aggregate stated value $1,222,000) with Streeterville Capital for 3,253,455 common shares, issued at the Nasdaq minimum price. The exchange eliminates preferred stock obligations but adds massive dilution to common stockholders — the new shares represent a substantial portion of pre-exchange float.
Key Financial Metrics
Key Facts
- 1,222 Series B Preferred shares exchanged for 3,253,455 common shares
- Stated value of preferred was $1,222,000 ($1,000/share)
- Exchange priced at Nasdaq minimum price on day prior to agreement
- Issued under Section 3(a)(9) exemption — no registered resale rights
- Counterparty is Streeterville Capital, a known active PIPE/financing investor
Financial Impact
3,253,455 common shares issued — very dilutive event for EDBL common given company's small market cap; no cash proceeds to the company
Risk Factors
- Extreme dilution to existing common shareholders — 3.25M new shares in a micro-cap
- No cash raised — Streeterville converted existing preferred, so no new capital for operations
- Potential for additional future conversions from remaining preferred or warrants
- Nasdaq minimum price pricing mechanism suggests a very low effective conversion price, indicating the common was heavily discounted at time of exchange
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-003390 |
| Document: 0001477932-26-003390-index-headers.html | 0001477932-26-003390 |
| Document: 0001477932-26-003390-index.html | 0001477932-26-003390 |
| Document: 0001477932-26-003390.txt | 0001477932-26-003390 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 29, 2026 21w ago | 8-K | $0.1398 $0.0378 | ▲ +72.96% | ▲ +74.19% | — |
May 21, 2026 22w ago | 8-K | $0.1398 $0.0414 | ▲ +70.39% | ▲ +73.58% | — |
May 15, 2026 23w ago | 8-K | $0.1398 $0.0248 | ▲ +82.26% | ▲ +86.78% | — |
Apr 24, 2026 26w ago | 8-K | $0.1398 $0.0328 | ▼ −76.54% | ▼ −81.32% | — |
Mar 31, 2026 29w ago | 8-K | $0.1398 $0.0390 | ▲ +72.10% | ▲ +85.48% | — |
US Market Status
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