Eastside Distilling Secures New Financing Agreement

Eastside Distilling ( (BLNE) ) has provided an update.

On May 12, 2025, Eastside Distilling entered into an agreement with secured lenders to extend the maturity date of their Senior Secured Notes to August 14, 2025. Additionally, on May 13, 2025, the company borrowed $250,000 from an affiliate lender, issuing a non-convertible promissory note due on July 13, 2025, which may be exchanged for convertible preferred stock.

Spark’s Take on BLNE Stock

According to Spark, TipRanks’ AI Analyst, BLNE is a Underperform.

BLNE’s overall stock score is primarily impacted by significant financial challenges, including negative profitability and heavy reliance on external financing. Technical indicators suggest bearish momentum, with limited immediate upside potential. Although strategic partnerships and product launches offer some growth potential, the high debt burden and ongoing operational inefficiencies present substantial risks, resulting in a low overall stock score.

To see Spark’s full report on BLNE stock, click here.

More about Eastside Distilling

Average Trading Volume: 902,455

Technical Sentiment Signal: Sell

Current Market Cap: $10.85M

Find detailed analytics on BLNE stock on TipRanks’ Stock Analysis page.