Thursday, July 14, 2022 11:00:06 AM
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard.
On June 3, 2022, Eastside Distilling received a deficiency letter from the Listing Qualifications Department (the “Staff”) of
the Nasdaq Stock Market (“Nasdaq”) notifying Eastside Distilling that, for the preceding 30 consecutive business days, the closing bid
price for Eastside Distilling’s Common Stock was below the minimum $1.00 per share requirement for continued inclusion on The
Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”).
The notification has no immediate effect on Eastside Distilling’s Nasdaq listing. In accordance with Nasdaq rules, Eastside
Distilling has been provided a period of 180 calendar days, or until November 30, 2022 (the “Compliance Date”), to regain compliance
with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Common Stock is at least
$1.00 for a minimum of 10 consecutive business days, the Staff will provide Eastside Distilling written confirmation of compliance
with the Bid Price Requirement.
If Eastside Distilling does not regain compliance with the Bid Price Requirement by the Compliance Date and is not eligible
for an additional compliance period at that time, the Staff will provide written notification to Eastside Distilling that the Common
Stock will be subject to delisting. At that time, Eastside Distilling may appeal the Staff’s delisting determination to a Nasdaq Hearings
Panel.
Eastside Distilling intends to monitor the closing bid price of the Common Stock and will consider available options if the
Common Stock does not trade at a level likely to result in the Company regaining compliance with the Bid Price Requirement by the
Compliance Date.
Disclaimer: READ My First POST !!!!
Recent EAST News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:35:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 06:14:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:19:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:20:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/13/2024 08:15:54 PM
- Eastside Distilling Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/13/2024 08:15:00 PM
- Eastside Distilling, Inc. to Report 2024 First Quarter Results on Monday, May 13, 2024 • PR Newswire (US) • 05/02/2024 06:13:00 PM
- Eastside Distilling Reports Fourth Quarter 2023 Financial Results • PR Newswire (US) • 04/01/2024 08:30:00 PM
- Eastside Distilling, Inc. to Report 2023 Fiscal Year Results on Monday, April 1, 2024 • PR Newswire (US) • 03/27/2024 02:36:00 PM
- Eastside Distilling to Attend the 36th Annual Roth Conference March 17-19, 2024 and schedules 4th Quarter Earnings Call • PR Newswire (US) • 03/11/2024 06:56:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 03:45:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/31/2024 05:30:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 03:54:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 05:32:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2023 04:50:13 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/12/2023 04:57:28 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 04:52:12 PM
- Eastside Distilling Reports Third Quarter 2023 Financial Results • PR Newswire (US) • 11/14/2023 09:10:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 11/07/2023 05:15:34 AM
- Eastside Distilling, Inc. to Report Third Quarter 2023 Financial Results on Tuesday, November 14, 2023 • PR Newswire (US) • 11/06/2023 05:18:00 PM
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