Edible Garden Announces Pricing of $6.0 Million Public Offering

Company Overview - Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products [5] - The company operates state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey, and Grand Rapids, Michigan, and has a network of contract growers near major U.S. markets [5] - Edible Garden offers products at over 5,000 stores in the U.S. and is known for its innovative farming protocols, sustainable packaging, and proprietary technologies [5] Recent Offering - The company announced a public offering of 2,655,000 shares of common stock, along with Class A and Class B warrants, at a combined public offering price of $2.26 per share [1] - Gross proceeds from the offering are expected to be approximately $6.0 million before deducting fees and expenses [1] - The offering is being managed by Maxim Group LLC as the sole placement agent [2] Securities Registration - The securities are being offered under a registration statement on Form S-1, which was declared effective by the SEC on May 22, 2024 [3] - A preliminary prospectus has been filed with the SEC, and the final prospectus will be available upon completion of the offering [3]