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Eastside Distilling, Inc. to Report First Quarter 2023 Financial Results on Friday, May 12th, 2023 and Announces Anticipated Completion of Reverse Stock Split
PORTLAND, Ore., May 9, 2023 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company"), a consumer-focused beverage company that
About this update from Beeline Holdings, Inc.
[{"type":"text","content":"PORTLAND, Ore., May 9, 2023 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) (\"Eastside\" or the \"Company\"), 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, will report its first quarter financial results after the market close on Friday, May 12, 2023. The Company will host a conference call on Monday, May 15, 2023 at 5:00 pm Eastern Time to review results.\n\n \n \n \n \n \n \n\n \nFirst Quarter 2023 Conference Call Details\nDate and Time: Monday, May 15, 2023 at 5:00pm ET\nCall-in Information: Interested parties can access the conference call by dialing (844) 889-4332 or (412) 717-9595.\nLive Webcast Information: Interested parties can access the conference call via a live Internet webcast, which is available in the Conference Calls section of the Company's website at https://www.eastsidedistilling.com/conference-calls. \nReplay: A teleconference replay of the call will be available for three days at (877) 344-7529 or (412) 317-0088, confirmation # 3471174. A webcast replay will be available in the Conference Calls section of the Company's website at https://www.eastsidedistilling.com/conference-calls for 90 days.\nThe Company also announced that it has filed a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation to effect, after the close of business on May 12, 2023, a 1-for-20 reverse stock split of its shares of common stock. The Company's common stock will begin trading on a split-adjusted basis when the market opens on May 15, 2023. The number of authorized shares of Eastside common stock has also been reduced from 35,000,000 to 1,750,000.\nThe Company's shares of common stock will continue to trade on the NASDAQ under the symbol \"EAST\" but will trade under a new CUSIP number. The reverse stock split is intended to increase the market price per share of the Company's common stock in order to comply with NASDAQ's continued listing standards relating to minimum price per share.\nAbout Eastside Distilling\nEastside Distilling, Inc. (NASDAQ: EAST) has been producing high-quality, award-winning craft spirits in Portland, Oregon, since 2008. The Company is distinguished by its highly decorated product lineup that includes Azuñia Tequila...