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Eastside Distilling (NASDAQ: EAST)Aims for Financial Turnaround: Debt Restructuring Agreement Sparks 149% Gain in Share Value

Eastside Distilling, Inc. (NASDAQ: EAST), shares gain 149% as the company announced it signed a non-binding term sheet with its main debt holders. If finalized, this agreement would convert a significant portion of the outstanding debt into equity. By doing so, the company aims to reduce interest expenses and meet the Shareholders Equity Rule required ....

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Eastside Distilling, Inc. Announces Positive Business and Financial Updates

Eastside Distilling, Inc. Announces Positive Business and Financial Updates
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Eastside Distilling, Inc. Announces Positive Business and Financial Updates

PORTLAND, Ore., June 13, 2023 /PRNewswire/ Eastside Distilling, Inc. , a consumer-focused beverage company that builds and supplies craft-inspired experiential brands and high-quality artisan. | June 14, 2023 ....

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