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Eastside Distilling ( (BLNE) ) has issued an announcement.
On June 3, 2025, Eastside Distilling sold 297,619 shares of common stock, generating gross proceeds of $250,000. This transaction was part of the Amended and Restated Common Stock Purchase Agreement and related Registration Rights Agreement, initially disclosed in March 2025, and executed under the company’s registration statement.
Spark’s Take on BLNE Stock
According to Spark, TipRanks’ AI Analyst, BLNE is a Neutral.
The overall stock score is low due to significant negative financial performance and technical analysis indicators, which outweigh the positive corporate events. The company’s current financial struggles and bearish technical signals present considerable risks, despite strategic initiatives aimed at long-term growth.
To see Spark’s full report on BLNE stock, click here.
More about Eastside Distilling
Average Trading Volume: 1,065,311
Technical Sentiment Signal: Sell
Current Market Cap: $8.08M
For an in-depth examination of BLNE stock, go to TipRanks’ Stock Analysis page.