EASTSIDE DISTILLING, INC. : Other Events (form 8-K)
April 28, 2023 at 05:00 pm
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Item 8.01 Other Events.
On April 28, 2023 the Board of Directors of Eastside Distilling, Inc. adopted a
resolution to file with the Nevada Secretary of State a Certificate of Change
that will effect a one-for-twenty reverse split of the outstanding common stock
as well as a 95% reduction in the number of authorized shares of common stock.
The Certificate of Change will be effective at the close of business on May 12,
2023, such that post-reverse-split trading of the common stock will commence on
May 15, 2023.
Eastside Distilling, Inc. is engaged in producing craft spirits in Portland, Oregon. The Company operates through two segments: Craft Canning + Printing and Spirits. Its Craft Canning + Printing segment provides digital can printing services to customers in the craft beverage industry operating throughout the Pacific Northwest as well as other states. It also provides mobile canning services to the craft beverage industry in Oregon. In addition to these services, the Company offers co-packing services from a single fixed site in Portland, Oregon. It offers co-packing services for non-alcoholic canned beverages, including CBD soda waters in Portland, Oregon. Its Spirits segment manufactures, blends, bottles, markets and sells a variety of alcoholic beverages under brands in 23 states in the United States. Its portfolio includes originals like the Quercus garryana barrel-finished Burnside Whiskey family, Portland Potato Vodka, Hue-Hue Coffee Rum, Azunia Tequilas and Eastside Brands.