EDBL - Why Edible Garden Stock Is Down Nearly 50% | Benzinga
Edible Garden AG Inc (NASDAQ:EDBL) shares are trading lower by 46% to $2.32 during Wednesday’s session after the company announced the pricing of a $6 million public offering.
What Happened?
Edible Garden announced the pricing of a public offering involving 2.655 million shares of common stock (or pre-funded warrants), Class A warrants, and Class B warrants, at $2.26 per share (or $2.25 per pre-funded warrant) and accompanying warrants.
The exercise price for the warrants is $2.26 per share. Class A warrants will expire in five years, and Class B warrants will expire in ...