Eastside Distilling (BLNE) filed a registration statement Thursday covering the potential sale of up to $100 million of securities by the company and 83.1 million of its commo shares by stockholders.
The company is looking to sell common and preferred shares, warrants and units from time to time in one or more offerings.
Eastside said it plans to use the net proceeds for general corporate purposes, including working capital, and will not receive any amount from the sale of shares by its stockholders.
Eastside stock was up more than 8% in recent trading.
Price: 0.78, Change: +0.06, Percent Change: +8.53
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