Edible Garden AG Inc

Edible Garden AG Inc (EDBL) priced its initial public offering on May 6, 2022 at $5.00 per share, below its $6.00–$8.00 range, raising $14.7M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $42.3M. Maxim Group was lead-left underwriter, joined by Joseph Gunnar. Harter Secrest & Emery advised the company and Loeb & Loeb advised the underwriters.

Edible Garden AG Inc is a controlled environment agriculture company that grows fresh, organic herbs and lettuces. It combines traditional growing techniques with technology in glass, hydroponic and vertical greenhouses to improve sustainability and traceability.

Status

IPO

Ticker

EDBL

Exchange

Nasdaq Capital Market

Priced

May 6, 2022

IPO price

$5.00

Price range

$6.00–$8.00

Raised

$14.7M

Market cap at IPO price

$42.3M

First filed

Nov 1, 2021

Underwriters

Maxim Group and Joseph Gunnar

Company counsel

Harter Secrest & Emery

Underwriters' counsel

Loeb & Loeb

Sector

Agriculture

Country / state

NJ

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.