Eastside Distilling to sell 442,042 shares at $1.00 in registered direct offer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
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Direct Offering Announcement: Eastside Distilling has priced a registered direct offering for 442,042 shares of common stock at $1.00 per share to a single institutional investor.
Transaction Details: The closing of the transaction is anticipated around September 6, pending customary closing conditions, with Joseph Gunnar & Co. serving as the exclusive placement agent.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
