Business
Eastside Distilling Announces $0.4 Million Registered Direct Offering, Priced at a Premium to Market Under Nasdaq Rules
PORTLAND, Ore., Sept. 5, 2024 /PRNewswire/ -- Eastside Distilling, Inc. (Nasdaq: EAST) ("Eastside"), a consumer-focused beverage company that builds craft
About this update from Beeline Holdings, Inc.
[{"type":"text","content":"PORTLAND, Ore., Sept. 5, 2024 /PRNewswire/ -- Eastside Distilling, Inc. (Nasdaq: EAST) (\"Eastside\"), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits, digital can printing, co-packing and mobile filling, announced today the pricing of a registered direct offering for the sale and issuance of 442,042 shares of the Company's common stock (or pre-funded warrants in lieu thereof) to a single institutional investor at a unit purchase price of $1.00.\n\n \n \n \n \n \n \n\n \nThe transactions are expected to close on or about September 6, 2024, subject to the satisfaction of customary closing conditions.\nJoseph Gunnar & Co., LLC is acting as the exclusive placement agent for the offering.\nThe shares of common stock and pre-funded warrants in the registered direct offering were offered pursuant to a \"shelf\" registration statement on Form S-3 (File No. 333-259295) initially filed with the Securities and Exchange Commission (the \"SEC\") on September 3, 2021, and declared effective by the SEC on September 14, 2021. The offering of the common stock and pre-funded warrants and shares of common stock underlying the pre-funded warrants in the registered direct offering was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Joseph Gunnar & Co., LLC Attention: Syndicate Department at 40 Wall Street, 30th Floor, New York, NY 10005, Attn: Syndicate Department, by phone (212) 440-9600.\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.\nEastside Distilling, Inc. \nEastside Distilling, Inc. is a producer of award-winning craft spirits, in...