Edible Garden AG Inc (EDBL) Form 8-K — Jun 12, 2026
Edible Garden AG Inc (EDBL) entered into a Notes Purchase Agreement with Streeterville Capital, LLC to raise $12 million in debt financing. The transaction consists of a $2.17 million unsecured A-1 Note bearing 8% interest and a $10 million secured B Note bearing 5% interest, both maturing in 18 months. The A-1 Note includes a $160,000 original issue discount and a $10,000 transaction fee, effectively increasing the cost of capital. The B Note is fully secured by cash collateral held in a deposit account at Lakeside Bank, meaning the company receives no net liquidity from this portion of the deal.
Key figures
- Debt Amount
- 12000000
- Interest Rate
- 8% (A-1 Note), 5% (B Note)
- Maturity Date
- 18 months from purchase date
- B Note Principal
- 10000000
- A1 Note Principal
- 2170000
- Cash Collateral Held
- 10000000
- Original Issue Discount
- 160000
- Transaction Expense Amount
- 10000
Price after filing
Close on the filing date to close N calendar days later (from $0.27). Historical, not a forecast.
AI analysis
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