Eastside Distilling Merges with Beeline Financial Holdings

November 6, 2024

Eastside Distilling, a Nasdaq-listed craft spirits company, closed its merger with AI-powered mortgage origination platform Beeline Financial Holdings, issuing a combination of common and preferred stock to Beeline shareholders. The transaction brings Beeline's digital, AI-enhanced mortgage platform into a public company, strengthens Eastside's balance sheet via a debt-for-equity exchange, and included the sale of Eastside's Craft Canning + Printing business.

Buyers
Eastside Distilling, Inc.
Targets
Beeline Financial Holdings, Inc.
Sellers
Beeline shareholders
Location
Rhode Island, United States
Transaction Type
Buyout

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