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Eastside Distilling's Merger Insights: Amendment Report on Beeline Financial Holdings

$EAST
Form 8-K/A
Filed on: 2024-12-19
Source
Eastside Distilling's Merger Insights: Amendment Report on Beeline Financial Holdings

Here are the key insights extracted from the provided section of the financial report:

  1. Reporting Entity:
  • Company Name: Eastside Distilling, Inc.
  • CIK Number: 0001534708
  • Industry: Distilling
  • Stock Exchange: NASDAQ
  • Address: 755 Main Street Building 4 Suite 3, Monroe, CT 06468
  • Contact: (458) 800-9154
  1. Filing Details:
  • Filing Date: October 7, 2024
  • Filing Type: Amendment No. 1 on Form 8-K/A
  • Original Filing Date: October 7, 2024 (Original 8-K)
  1. Transaction Overview:
  • Nature of Transaction: Eastside Distilling, Inc. entered into an Agreement and Plan of Merger and Reorganization.
  • Parties Involved: The merger involves Eastside Distilling, Inc., East Acquisition Inc. (referred to as "Merger Sub"), and Beeline Financial Holdings, Inc.
  • Outcome of Transaction: Beeline Financial Holdings, Inc. has merged with and into Merger Sub, becoming a wholly-owned subsidiary of Eastside Distilling, Inc.
  1. Amendment Purpose:
  • This filing amends the Original 8-K to include consolidated financial statements of Beeline and the combined pro forma financial information that were initially omitted.
  • The amendment is made in compliance with Item 9.01 of Form 8-K.
  1. Financial Impact:
  • The addition of consolidated financial statements and pro forma information may provide stakeholders with a clearer view of the financial standing of both Eastside Distilling and Beeline post-merger.

Overall, the amendment reflects a significant corporate action (merger) and enhances transparency regarding the financial implications of that action for investors and other stakeholders.