SCHEDULE 13G/A: Dominion Capital Group Amends SEC Filing, Disclosing 9.9% Stake in Edible Garden AG
Beneficial Ownership Report Amendment
Dominion Capital LLC and its affiliates have filed an Amendment No. 1 to their Schedule 13G, updating their beneficial ownership in Edible Garden AG Incorporated to 9.9% of common stock, primarily through warrants.
Summary
- The filing is an Amendment No. 1 to a Schedule 13G, updating beneficial ownership information for Edible Garden AG Incorporated.
- The Reporting Persons include Dominion Capital LLC, Dominion Capital GP LLC, Dominion Capital Holdings LLC, Mikhail Gurevich, and Gennadiy Gurevich.
- The aggregate amount beneficially owned by the Reporting Persons is 2,408,105 shares of Edible Garden AG Incorporated common stock.
- This represents 9.9% of the outstanding common stock of Edible Garden AG Incorporated.
- The ownership percentage is calculated based on an assumed 21,697,058 outstanding shares of common stock, as disclosed in the issuer's recent SEC filings.
- The beneficial ownership is primarily derived from Series A, Series B, and Common Warrants directly or indirectly held by Dominion Capital LLC.
- All warrants contain a 9.99% beneficial ownership limitation provision (a "Blocker"), which prohibits exercise if it would result in ownership exceeding this threshold.
- All Reporting Persons share voting and dispositive power over the 2,408,105 beneficially owned shares.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or strategic updates, nor does it indicate any change in investment intent beyond the updated share count.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant beneficial ownership stake, which could influence perceptions of control or investor interest.
Key Dates
| Date | Description |
|---|---|
| October 4, 2024 | Original Statement on Schedule 13G filed with the SEC. |
| December 23, 2024 | Issuer's Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission. |
| December 26, 2024 | Subsequent filing made by the issuer with the SEC. |
| December 31, 2024 | Date of event which requires filing of this statement. |
| January 31, 2025 | Subsequent filing made by the issuer with the SEC. |
| February 7, 2025 | Date Amendment No. 1 was signed by the Reporting Persons. |
Keywords
Edible Garden AG Incorporated, Dominion Capital LLC, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, SEC Filing, Investment, Shareholder, Ownership Disclosure
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