An update from Eastside Distilling ( (EAST) ) is now available.

On September 4, 2024, Eastside and its subsidiary Craft undertook a Debt Exchange Agreement with several investors, leading to a series of strategic financial transactions aimed at restructuring Eastside’s debt and equity. By October 7, Eastside had exchanged shares, released certain debt liabilities, and merged Craft into an entity owned by the investors. These actions culminated in Eastside pivoting from the canning to the spirits business, now holding a majority stake in Bridgetown Spirits Corp., indicative of a significant corporate transformation.

See more insights into EAST stock on TipRanks’ Stock Analysis page.