Edible Garden AG (EDBL) Receives $3M from Warrant Exercise
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Edible Garden Enters Into Warrant Exercise Transaction for $3.0 Million in Gross Proceeds
December 23, 2024 3:20 PM ESTBELVIDERE, N.J., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (Edible Garden or the Company) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, announced today that it has entered into an agreement with a single institutional investor that is an existing holder of its warrants wherein the investor agreed to exercise 8,330,000 outstanding Class B Warrants (the Existing Warrants) to purchase an aggregate of 8,330,000 shares of common stock for cash at the exercise price of $0.36 per share. These warrants were previously issued in a public offering which closed in September... More
