IPO - Eastside Distilling, Inc.

Form Type: S-3

Filing Date: 2025-02-05

Corporate Action: Ipo

Type: New

Accession Number: 000149315225005053

Filing Summary: Eastside Distilling, Inc., registered under the dba Beeline Holdings, has filed a Form S-3 registration statement on February 5, 2025, to offer securities amounting to an aggregate initial offering value of up to $100,000,000. This includes $83,105,133 in shares of common stock being offered by selling stockholders. The registration enables the company to sell both common and preferred stock intermittently. The company recently underwent several significant changes, including an increase in authorized common stock to 100 million shares approved by shareholders on January 27, 2025, and a reverse stock split at a ratio of 1:10, with a record date set between February 25 and March 3, 2025. Furthermore, the company engaged in an equity line of credit to raise $35 million, with preliminary sales of securities already executed. The company’s market value was approximately $2,664,499 as of January 30, 2025, allowing it to utilize the Form S-3 registration for primary offerings. Lastly, the company's common stock is listed on the Nasdaq under the symbol 'BLNE.'

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Form Type: S-1/A

Filing Date: 2025-01-08

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225001415

Filing Summary: This Form S-1/A filing represents an amendment to the registration statement initially filed for Eastside Distilling, Inc. The company outlines its business operations, describes its previous financial performance, and details its intended public offering. The filing includes updated financial statements and management's discussion regarding liquidity and capital resources. It presents a structured overview of potential risks associated with the investment, including market competition and regulatory challenges. Additionally, details on the offering conditions and terms regarding the preferred and common stock issued are elaborated.

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Form Type: S-1/A

Filing Date: 2025-01-03

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225000284

Filing Summary: Eastside Distilling, Inc. filed an S-1/A form on January 3, 2025, highlighting its updated registration for the offering of shares. The filing includes key financial statements, the potential impact of debt agreements, and information regarding preferred stock details. Significant focus was placed on Beeline Financial Holdings, Inc., detailing its role within the company and structuring preferences. Previous financial periods are documented, showcasing earnings and stock class specifications. The firm outlines its operational strategy, market positioning, and future goals as part of the offering, emphasizing its commitment to expansion and shareholder engagement. This update reflects the company’s ongoing efforts to optimize capital raising strategies and enhance liquidity mechanisms in response to market dynamics.

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