Eastside Distilling Secures $0.4 Million in Direct Stock Offering
Eastside Distilling Announces Registered Direct Offering
Eastside Distilling, Inc. (Nasdaq: EAST), a consumer-focused beverage company known for its craft-inspired brands and artisan products, has announced the pricing of a registered direct offering. The offering includes the sale and issuance of 442,042 shares of common stock to a single institutional investor at a unit purchase price of $1.00.
Offering Details and Expectations
The closing of the transactions is anticipated to occur soon, pending the satisfaction of customary conditions required for closing. This offering represents an important step for Eastside Distilling as it seeks to bolster its financial position while continuing its mission of delivering high-quality products.
Placement Agent Participation
In this offering, Joseph Gunnar & Co., LLC will serve as the exclusive placement agent. Their expertise in the financial market ensures that Eastside Distilling can effectively navigate the complexities of this transaction.
About Eastside Distilling, Inc.
Founded in Portland, Oregon, Eastside Distilling specializes in producing award-winning craft spirits including whiskey, vodka, and rum. The company is driven by a commitment to quality, innovation, and sustainability, creating exceptional products that encapsulate the essence of the Pacific Northwest.
Investor Relations and Social Media
For potential investors and those interested in learning more about Eastside's developments, the company's investor information is readily accessible through its official website. The site offers a comprehensive overview of the company’s financial information and product offerings.
Additionally, consumers and investors alike are encouraged to connect via Eastside Distilling's social media channels for the latest updates and news.
Frequently Asked Questions
What is the purpose of Eastside Distilling's recent offering?
The offering aims to strengthen the company's financial position and support its growth initiatives.
Who is the placement agent for the offering?
Joseph Gunnar & Co., LLC is acting as the exclusive placement agent for this registered direct offering.
Where can I find more information about Eastside Distilling?
Additional information can be accessed through Eastside Distilling’s official website and its investor relations section.
What types of spirits does Eastside Distilling produce?
Eastside Distilling produces a range of craft spirits, including award-winning whiskey, vodka, and rum.
Is Eastside Distilling committed to sustainability?
Yes, Eastside Distilling emphasizes sustainability alongside quality and innovation in its product offerings.
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