On March 30, 2026, Edible Garden AG Incorporated filed an 8-K report detailing the exchange of shares with Streeterville Capital, LLC. The company agreed to exchange a total of 1,184 shares of its Series B Preferred Stock for 670,199 shares of its common stock. This transaction was executed under the exemption provided in Section 3(a)(9) of the Securities Act, indicating that the shares were not registered. The preferred stock had an aggregate stated value of $1,184,000, which was determined based on the Nasdaq Minimum Price of the company's common stock on the day prior to the agreement. This move is expected to enhance the liquidity of the company's common stock by increasing the number of shares available in the market. The exchange is seen as a strategic decision to strengthen the company's capital structure and improve its financial flexibility. The filing also confirms that Edible Garden AG is classified as an emerging growth company, which may provide it with certain regulatory advantages. Overall, this development is likely to have a small positive effect on the stock price as it reflects the company's proactive approach to managing its equity.

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