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Eastside Distilling, Inc. – ‘8-K’ for 12/1/22

On:  Thursday, 12/1/22, at 5:01pm ET   ·   For:  12/1/22   ·   Accession #:  1493152-22-34193   ·   File #:  1-38182

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/01/22  Eastside Distilling, Inc.         8-K:3,9    12/01/22   10:198K                                   M2 Compliance LLC/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     37K 
 5: R1          Cover                                               HTML     47K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 6: XML         XBRL Instance -- form8-k_htm                         XML     15K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 3: EX-101.LAB  Inline XBRL Taxonomy Extension Label Linkbase        XML     96K 
                Document -- east-20221201_lab                                    
 4: EX-101.PRE  Inline XBRL Taxonomy Extension Presentation          XML     64K 
                Linkbase Document -- east-20221201_pre                           
 2: EX-101.SCH  Inline XBRL Taxonomy Extension Schema Document --    XSD     13K 
                east-20221201                                                    
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
10: ZIP         XBRL Zipped Folder -- 0001493152-22-034193-xbrl      Zip     15K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  i December 1, 2022

 

 i EASTSIDE DISTILLING, INC.

(Exact name of registrant as specified in its charter)

 

 i Nevada    i 001-38182    i 20-3937596

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

 i 2321 NE Argyle Street,  i Unit D

 i Portland,  i Oregon  i 97211

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code:  i (971)  i 888-4264

 

Securities registered pursuant to Section 12(b) of the Act:

 

 i Common Stock, $0.0001 par value    i EAST   The  i Nasdaq Stock Market LLC
(Title of Each Class)   (Trading Symbol)   (Name of Each Exchange on Which Registered)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (CFR §240.12b-2 of this chapter). Emerging growth company  i 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 C: 
 

 

 

Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard.

 

As previously reported, on June 3, 2022 Eastside Distilling, Inc. (“Eastside Distilling” or the “Company”) received written notice from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market, LLC (“Nasdaq”) that, for the preceding 30 consecutive business days, the closing bid price for Eastside Distilling’s Common Stock had been below $1.00 per share and, as a result, Eastside Distilling was not in compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). In accordance with Nasdaq rules, the Company was provided a period of 180 calendar days, or until November 30, 2022, to regain compliance with the Bid Price Requirement.

 

On December 1, 2022, the Company received written notification from the Staff granting its request for a 180-day extension to regain compliance with the Bid Price Requirement. Eastside Distilling now has until May 30, 2023 to meet the requirement. If at any time prior to May 30, 2023, the bid price of the Company’s Common Stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, it will regain compliance with the Bid Price Requirement. If compliance with the Bid Price Requirement cannot be demonstrated by May 30, 2023, the Staff will provide written notification that Eastside Distilling’s Common Stock will be delisted from the Nasdaq Capital Market. At that time, Eastside Distilling may appeal Nasdaq’s determination to a Hearings Panel.

 

Eastside Distilling will actively monitor the closing bid price of its Common Stock and will, if appropriate, implement available options, including a reverse stock split, to regain compliance with the Bid Price Requirement under the Nasdaq Listing Rules.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit   Description
     
104   Cover page interactive data file (embedded within the iXBRL document)

 

 C: 
 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: December 1, 2022

   EASTSIDE DISTILLING, INC.
     
  By: /s/ Geoffrey Gwin
    Geoffrey Gwin
    Chief Executive Officer and Chief Financial Officer

 

 C: 
 

 

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
5/30/23
Filed on / For Period end:12/1/22
11/30/22
6/3/228-K
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