Eastside Distilling Files $10 Million Mixed Shelf -- Shares Fall

MT Newswires Live09-14

Eastside Distilling (EAST) filed a registration statement Friday for the potential sale of up to $10 million of securities from time to time.

The filing covers sale of the company's common stock, preferred stock, warrants and units, according to the filing.

The company said it aims to use the proceeds for general corporate purposes, including working capital, capital expenditures, and administrative and general expenses.

Eastside Distilling shares fell 23% in recent Friday trading.

Price: 0.65, Change: -0.19, Percent Change: -22.97

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