Edible Garden Announces Pricing Of $6M Public Offering Of 2.655M Shares Of Its Common Stock, Class A Warrants To Purchase Up To 2.655M Shares Of Common Stock, And Class B Warrants To Purchase Up To 2.655M Shares Of Common Stock, At A Combined Public Offering Price Of $2.26 Per Share
Portfolio Pulse from Benzinga Newsdesk
Edible Garden AG Incorporated (NASDAQ: EDBL) announced a $6 million public offering of 2.655 million shares of its common stock, along with Class A and Class B warrants. The offering is priced at $2.26 per share and is expected to close around May 23, 2024.
May 22, 2024 | 1:19 pm
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Edible Garden AG Incorporated (NASDAQ: EDBL) has announced a $6 million public offering of 2.655 million shares and accompanying warrants at $2.26 per share. The offering is expected to close around May 23, 2024.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering price of $2.26 per share may set a near-term price ceiling.
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