Eastside distilling, inc. announces exercise of existing warrants and issuance of warrants in private placement

Portland, ore., aug. 2, 2021 /prnewswire/ -- eastside distilling, inc. (nasdaq: east) ("eastside" or the "company"), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits and ready-to-drink "rtd" craft cocktails, today announced that it has entered into agreements with bigger capital fund, lp and district 2 capital fund lp to exercise their existing warrants for cash in exchange for the company's agreement to issue in a private placement new warrants to purchase up to 900,000 shares of its common stock.
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