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Eastside Distilling Prices Of A Registered Direct Offering For The Sale And Issuance Of 442,042 Shares Of The Company's Common Stock To A Single Institutional Investor At A Unit Purchase Price Of $1.00

Author: Benzinga Newsdesk | September 05, 2024 03:38pm

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.

The transactions are expected to close on or about September 6, 2024, subject to the satisfaction of customary closing conditions.

Joseph Gunnar & Co., LLC is acting as the exclusive placement agent for the offering.

Posted In: EAST

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