SCHEDULE 13G/A: Riverside Merchant Partners Divests Entire Stake in Edible Garden AG

Riverside Merchant Partners LLC has filed an amended Schedule 13G, indicating it no longer holds any beneficial ownership in Edible Garden AG Incorporated.

Summary

• Riverside Merchant Partners LLC filed an Amendment No. 1 to its Schedule 13G regarding its holdings in Edible Garden AG Incorporated.
• The filing indicates that Riverside Merchant Partners LLC now beneficially owns 0 shares of Edible Garden AG Incorporated common stock, representing 0% of the class.
• This amends a previous Schedule 13G filed on October 7, 2024, which reported beneficial ownership of 700,000 common shares.
• The prior filing also included beneficial ownership of 1,350,000 shares issuable upon exercise of Pre-Funded Warrants, 2,050,000 shares issuable upon exercise of Class A Warrants, and 2,050,000 shares issuable upon exercise of Class B Warrants.
• The event requiring this amended filing occurred on January 10, 2025.

Sentiment

Score: 3

Explanation: The complete divestment by an institutional investor, Riverside Merchant Partners LLC, from Edible Garden AG Incorporated is generally perceived as a negative signal for the company's stock, indicating a lack of confidence or a shift in investment strategy by the exiting party.

Negatives

• Riverside Merchant Partners LLC has divested its entire beneficial ownership in Edible Garden AG Incorporated, indicating a complete exit from their previous position.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may react negatively to the news of an institutional investor divesting its entire stake, potentially leading to downward pressure on the stock price.

Key Dates

Recommendation

Keywords

Edible Garden AG Incorporated, Riverside Merchant Partners LLC, Schedule 13G/A, beneficial ownership, divestment, institutional investor, common stock, warrants, SEC filing