Eastside Distilling (NASDAQ: EAST)Aims for Financial Turnaround: Debt Restructuring Agreement Sparks 149% Gain in Share Value
Eastside Distilling, Inc. (NASDAQ: EAST), shares gain 149% as the company announced it signed a non-binding term sheet with its main debt holders. If finalized, this agreement would convert a significant portion of the outstanding debt into equity. By doing so, the company aims to reduce interest expenses and meet the Shareholders Equity Rule required
United States Tradexchange Thetradexchange Daniel Mirkin Geoffrey Gwin Eastside Distilling Inc Eastside Distilling
Source: microcapdaily.com