Eastside Distilling Announces Plan to Effect Reverse Stock Split

PORTLAND, Ore., Oct. 10, 2016, ESDI, /PRNewswire/ Eastside Distilling, Inc. (OTCQB: ESDI) ( Eastside or the Company ), a producer of award-winning master-crafted spirits, announced today that its Board of Directors have approved a 20-for-1 reverse split of the Company s outstanding common stock from 95,333,180 to 4,766,659, and a proportional decrease in the Company s authorized common stock from 900 million shares to 45 million shares. Pursuant to the Nevada Revised Statutes, the Company s Board of Directors is authorized to effectuate a
http://bit.ly/2dWw18s