Eastside Distilling Strengthens Financial Position and Strategy

Eastside Distilling ( (EAST) ) has shared an announcement.

Eastside Distilling, Inc. has successfully completed a private placement offering, raising $1,615,000 from accredited investors. This initiative involved the issuance of Senior Secured Notes and Pre-Funded Warrants, with proceeds earmarked for corporate expenses and working capital. The company’s strategic move reflects its commitment to financial growth and stability, underlining its focus on crafting experiential beverage brands and leveraging digital mortgage solutions through its subsidiary, Beeline Financial Holdings, Inc.

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