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Eastside Distilling Sells Shares for $152,517

Story Highlights
  • Beeline Holdings issued a promissory note to its CEO, including a third-party loan.
  • The company sold shares for $152,517 and issued additional shares under a stock agreement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Eastside Distilling Sells Shares for $152,517

Confident Investing Starts Here:

The latest update is out from Eastside Distilling ( (BLNE) ).

On May 28, 2025, Beeline Holdings, Inc. issued a subordinated demand promissory note of $372,241 to its CEO, Nicholas R. Liuzza, Jr., which included $250,000 lent by a third party and paid by Mr. Liuzza on behalf of the company. The note bears an interest rate of 8% per annum. Additionally, the company approved grants of cash and restricted stock to non-employee directors and stock options to senior executives under its 2025 Equity Incentive Plan, subject to shareholder approval. On May 30, 2025, the company sold 174,505 shares of common stock for gross proceeds of $152,517 under an amended stock purchase agreement, with additional shares issued pursuant to prior sales.

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: 941,956

Technical Sentiment Signal: Sell

Current Market Cap: $7.75M

For a thorough assessment of BLNE stock, go to TipRanks’ Stock Analysis page.

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