EDBL News

Companies have broadly put listing plans on hold amid the worst IPO sell-off in over a decade, but small issuers are still on the move. So far, 21 of the year’s 34 IPOs (62%) have raised less than $50 million, the highest concentration in over a decade. Sub-$50 million IPOs have historically accounted for less than one-quarter of activity. Small issuers are on track to...read more

The IPO market showed signs of life after a fairly quiet April, with three IPOs and two SPACs this past week. While there were only two new IPO filings, a few large deals in the pipeline updated their prospectuses, including Corebridge Financial...read more

Edible Garden, a controlled environment agriculture company that grows organic herbs and lettuces, raised $15 million by offering 2.9 million units at $5, below the downwardly revised range of $6 to $8. The company offered 0.8 million more units than anticipated. It originally planned to offer 1.4 million units at $10 to $12, before revising the terms in April. Each unit consists of...read more

Edible Garden, a controlled environment agriculture company that grows organic herbs and lettuces, lowered the proposed deal size for its upcoming IPO on Monday. The Belvidere, NJ-based company now plans to raise $15 million by offering 2.1 million units at a price range of $6 to $8. The company had previously filed to offer 1.4 million units at a range of $10 to $12. Each unit...read more