SCHEDULE 13G/A: Armistice Capital Discloses 9.99% Passive Stake in Edible Garden AG Inc.

Armistice Capital, LLC and Steven Boyd have filed an amended Schedule 13G, revealing a passive beneficial ownership of 9.99% in Edible Garden AG Inc.'s common stock as of December 31, 2024.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the 'Reporting Persons,' have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Edible Garden AG Inc.
• As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 1,994,837 shares of Edible Garden AG Inc.'s Common Stock.
• This ownership represents 9.99% of the total outstanding shares of the class.
• Armistice Capital, LLC, a Delaware entity, serves as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares.
• Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC.
• The Reporting Persons hold shared voting power and shared dispositive power over all 1,994,837 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment. The sentiment is neutral as it simply reports a stake.

Positives

• This type of filing (Schedule 13G) is a passive ownership report and does not typically contain information on company performance or positive operational developments. It indicates significant institutional interest in the company's stock.

Negatives

• This type of filing (Schedule 13G) is a passive ownership report and does not typically contain information on company performance or negative operational developments.

Risks

• This Schedule 13G filing primarily reports beneficial ownership and does not detail specific risks related to Edible Garden AG Inc.'s operations or financial health. The filing itself does not introduce new risks to the issuer beyond the general market risks associated with share ownership.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• Armistice Capital, LLC and Steven Boyd certified that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a specific disclosure of an institutional investor's stake in Edible Garden AG Inc. and does not provide broader industry trends or competitive analysis. It indicates an investment firm's interest in the agricultural technology or fresh produce sector, but offers no comparative insights.

Stakeholder Impact

• Shareholders: The disclosure of a significant 9.99% passive stake by an institutional investor like Armistice Capital may be viewed positively by other shareholders, as it signals institutional confidence or interest in the company's stock.

Key Dates

Keywords

Edible Garden AG Inc, Armistice Capital, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment, Equity Stake