Edible Garden Announces Pricing Of $3M Underwritten Public Offering Of 2,700,726 Units At A Public Offering Price Of $1.10 Per Unit
Portfolio Pulse from Happy Mohamed
Edible Garden AG Incorporated (NASDAQ:EDBL) has announced the pricing of its underwritten public offering of 2,700,726 units at $1.10 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock. The gross proceeds are expected to be approximately $3.0 million. The offering is expected to close on September 8, 2023.
September 07, 2023 | 1:32 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Edible Garden's public offering could potentially dilute the value of existing shares, but also provide the company with additional capital for growth.
Public offerings often lead to dilution of existing shares, which can negatively impact the stock price. However, the additional capital raised can be used for growth initiatives, which could potentially have a positive impact on the company's future performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100