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Edible Garden AG , Inc. (EDBL) has issued an announcement.
Edible Garden AG Incorporated launched a public offering on May 22, 2024, comprising over 2.4 million common units and 218,000 pre-funded units, with the combined units including common stock and Class A and B warrants. The offering, set at a price range of $2.25 to $2.26 per unit, is expected to generate approximately $5.2 million in net proceeds after fees and expenses. The warrants are immediately exercisable, with the Class A expiring in 2029 and Class B in 2025, and include provisions for price adjustments. Maxim Group LLC facilitated the offering as the exclusive placement agent, receiving a cash fee and additional warrants as compensation, with a nine-month right of first refusal for future Company offerings.
For an in-depth examination of EDBL stock, go to TipRanks’ Stock Analysis page.