Eastside Distilling, Inc. Price & Performance (BLNE)

Eastside Distilling's stock reached a 52-week high of $6.61, showcasing a recovery from its previous low of $4.10. Despite this milestone, the company still faces financial challenges, with a negative EBITDA and weak profit margins. Recent efforts, including a $5 million funding round, aim to stabilize its financial health.12

Beeline Holdings, formerly Eastside Distilling, announced a reverse stock split at a one-for-ten ratio. This move aims to improve shareholder value and meet NASDAQ listing requirements. The company also expanded its Series G Preferred Stock offering, raising additional funds to address its debt and operational needs.32

Beeline Holdings' CEO, Nick Liuzza, has significantly increased his investment, contributing $2.9 million in a $5 million private placement. The funds will support the expansion of the AI-driven mortgage platform and reduce debt. This strategic move aligns with the company's broader growth and innovation initiatives.45