Eastside Distilling to sell 442,042 shares at $1.00 in registered direct offer

Eastside Distilling announced the pricing of a registered direct offering for the sale and issuance of 442,042 shares of the company’s common stock to a single institutional investor at a unit purchase price of $1.00. The transactions are expected to close on or about September 6, subject to the satisfaction of customary closing conditions. Joseph Gunnar & Co. is acting as the exclusive placement agent for the offering.