Edible Garden AG’s $14.7 Million Initial Public Offering

Harter Secrest & Emery LLP represented Edible Garden AG Incorporated in the offering.

Edible Garden AG, a controlled environment agriculture farming company that uses traditional agricultural growing techniques together with technology to grow fresh, organic food, closed its initial public offering of 2,930,000 shares of its common stock and accompanying warrants to purchase up to 2,930,000 shares of common stock.

The shares started trading under the symbols “EDBL” and “EDBLW,” respectively. 

The Company intends to use the net proceeds from the offering for working capital, debt repayment, the construction and/or acquisition of existing greenhouses, organizational build out, transaction bonuses for its executive officers, completion of a packhouse at its New Jersey facility,  and general corporate purposes.

Maxim Group LLC acted as lead book-running manager and Joseph Gunnar & Co. as the joint book-running manager. 

The HSE Securities and Capital Markets team for the transaction included Alexander R. McClean (Picture), Margaret K. Rhoda, and Luke A. Catalano. 

Involved fees earner: Luke Catalano – Harter Secrest & Emery; Alexander McClean – Harter Secrest & Emery; Margaret Rhoda – Harter Secrest & Emery;

Law Firms: Harter Secrest & Emery;

Clients: Edible Garden AG Incorporated;

Sonia Carcano

Author: Sonia Carcano