Edible Garden (EDBL) Proxy Filing summary

Executive summary

• Special Meeting scheduled for January 27, 2025, to be held virtually, with record date set as December 12, 2024.

• Main agenda: approval of a reverse stock split and potential adjournment to solicit more votes if needed.

• Board recommends voting in favor of both proposals.

• Proxy materials available online and by mail; voting can be done via internet, phone, mail, or during the virtual meeting.

Voting matters and shareholder proposals

• Proposal One: Approve amendment to effect a reverse stock split of common stock in a range of 1-for-5 to 1-for-25, at the board's discretion.

• Proposal Two: Approve adjournment of the meeting if more time is needed to secure votes or establish a quorum.

• Both proposals require a majority of votes cast to pass.

• No other shareholder proposals were received for this meeting.

Board of directors and corporate governance

• Board has full discretion to implement or abandon the reverse stock split within one year of approval.

• No officer or director has a substantial interest in the reverse stock split beyond that of other shareholders.

• Board recommends a vote FOR both proposals.