EASTSIDE DISTILLING, INC. (OTCMKTS:ESDI) Files An 8-K Other Events
Item 8.01 Other Events
On June 8, 2017, the board of directors of Eastside Distilling,
Inc. (the Company) approved a 1-for-3 reverse stock split of its
currently outstanding shares of common stock. The record date for
the reverse split is June 14, 2017.Prior to the split, 9,939,649
shares of common stock were issued and outstanding. After the
split, 3,313,217 shares of common stock will be issued and
outstanding (subject to adjustment for settlement of fractional
shares, which will be rounded up to the nearest whole share). The
effective date for the reverse split will be the later of June
15, 2017 or the earliest date thereafter that FINRA completes its
review of the Companys application regarding the reverse split.
The common stock will continue to trade on the OTC Markets under
the symbol ESDI following the reverse split. However, a D will be
placed on the ticker symbol for 20-business days following the
effective date of the reverse split to alert the public to such
split. A copy of the press release announcing the reverse split
is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
Section 9 Financial Statements and Exhibits
| Item 9.01 | Financial Statements and Exhibits. |
| (c) | Exhibits. |
| Exhibit | |||
| Number | Description | ||
| 99.1 | Press Release |
About EASTSIDE DISTILLING, INC. (OTCMKTS:ESDI)
Eastside Distilling, Inc. (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey. Eastside creates seasonal and limited edition handmade products, such as Advocaat (eggnog) Liqueur, Peppermint Bark Liqueur, Bier Schnapps and Holiday Spiced Liqueur. Eastside distributes its products in approximately 15 states, including Oregon, Washington, Nevada, Texas, Virginia, Indiana, Illinois, New York, New Jersey, Massachusetts, Connecticut, Minnesota, Georgia, Pennsylvania and Maryland.
