Eastside Distilling Announces Plan to Effect Reverse Stock Split

PORTLAND, Ore., Oct. 10, 2016, ESDI, /PRNewswire/ Eastside Distilling, Inc. (OTCQB: ESDI) ( Eastside or the Company ), a producer of award-winning master-crafted spirits, announced today that its Board of Directors have approved a 20-for-1 reverse split of the Company s outstanding common stock from 95,333,180 to 4,766,659, and a proportional decrease in the Company s authorized common stock from 900 million shares to 45 million shares. Pursuant to the Nevada Revised Statutes, the Company s Board of Directors is authorized to effectuate a

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: