Edible Garden AG Inc., a Delaware corporation, has entered into a material definitive agreement with an institutional investor involving an inducement letter agreement. This agreement, dated May 21, 2025, pertains to Class A and Class B warrants to purchase a total of 999,600 shares of the company's common stock. The new warrants and the shares of common stock issuable thereunder will be sold and issued without registration under the Securities Act of 1933, leveraging exemptions for non-public offerings. Maxim Group LLC served as the exclusive financial advisor for the transaction, and will receive a cash fee equal to 6.5% of the total proceeds from the exercise of the existing warrants, which are expected to bring in approximately $3.5 million for the company, before fees and expenses.