Edible Garden Enters Into Warrant Exercise Transaction for $3.0 Million in Gross Proceeds
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Edible Garden AG Incorporated has entered into a warrant exercise transaction with an institutional investor, resulting in $3.0 million in gross proceeds. The investor exercised 8,330,000 Class B Warrants at $0.36 per share.
December 23, 2024 | 8:30 pm
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Edible Garden AG has secured $3.0 million in gross proceeds through a warrant exercise transaction with an institutional investor. This involves the exercise of 8,330,000 Class B Warrants at $0.36 per share.
The warrant exercise transaction provides Edible Garden with $3.0 million in gross proceeds, which strengthens its financial position. This is likely to have a positive short-term impact on the stock price as it indicates investor confidence and provides additional capital for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100