Beeline Holdings Receives Nasdaq Approval as a New Listing
Beeline Holdings (NASDAQ: BLNE) has received approval for a new Nasdaq listing following its merger with Beeline Financial Holdings, Inc. The company, formerly known as Eastside Distilling, will officially change its name to Beeline Holdings on March 12, 2025, reflecting its strategic focus on AI-driven online mortgage business.
Key developments include:
- Shareholder approval of the change of control on March 7, 2025
- Implementation of a 1-for-10 reverse stock split effective March 12, 2025
- Continuation of trading under the symbol 'BLNE' with a new CUSIP number
Beeline Holdings (NASDAQ: BLNE) ha ricevuto l'approvazione per una nuova quotazione al Nasdaq a seguito della sua fusione con Beeline Financial Holdings, Inc. L'azienda, precedentemente conosciuta come Eastside Distilling, cambierà ufficialmente il suo nome in Beeline Holdings il 12 marzo 2025, riflettendo il suo focus strategico sul business dei mutui online guidato dall'IA.
Sviluppi chiave includono:
- Approvazione degli azionisti per il cambiamento di controllo il 7 marzo 2025
- Implementazione di un raggruppamento azionario inverso 1-a-10 efficace dal 12 marzo 2025
- Continuazione delle negoziazioni sotto il simbolo 'BLNE' con un nuovo numero CUSIP
Beeline Holdings (NASDAQ: BLNE) ha recibido la aprobación para una nueva cotización en Nasdaq tras su fusión con Beeline Financial Holdings, Inc. La empresa, anteriormente conocida como Eastside Distilling, cambiará oficialmente su nombre a Beeline Holdings el 12 de marzo de 2025, reflejando su enfoque estratégico en el negocio de hipotecas en línea impulsado por IA.
Los desarrollos clave incluyen:
- Aprobación de los accionistas del cambio de control el 7 de marzo de 2025
- Implementación de un split inverso de acciones 1 por 10 efectivo el 12 de marzo de 2025
- Continuación de las operaciones bajo el símbolo 'BLNE' con un nuevo número CUSIP
Beeline Holdings (NASDAQ: BLNE)는 Beeline Financial Holdings, Inc.와의 합병 후 새로운 Nasdaq 상장 승인을 받았습니다. 이전에 Eastside Distilling으로 알려졌던 이 회사는 2025년 3월 12일에 Beeline Holdings로 공식적으로 이름을 변경하여 AI 기반 온라인 모기지 사업에 대한 전략적 초점을 반영합니다.
주요 개발 사항은 다음과 같습니다:
- 2025년 3월 7일에 통제 변경에 대한 주주 승인
- 2025년 3월 12일부터 적용되는 1대 10의 역주식 분할
- 새로운 CUSIP 번호로 'BLNE' 기호 아래 거래 지속
Beeline Holdings (NASDAQ: BLNE) a reçu l'approbation pour une nouvelle cotation au Nasdaq suite à sa fusion avec Beeline Financial Holdings, Inc. L'entreprise, anciennement connue sous le nom d'Eastside Distilling, changera officiellement son nom en Beeline Holdings le 12 mars 2025, reflétant son orientation stratégique vers le secteur des prêts hypothécaires en ligne pilotés par l'IA.
Les développements clés incluent:
- Approbation des actionnaires pour le changement de contrôle le 7 mars 2025
- Mise en œuvre d'un rachat d'actions inversé 1 pour 10 effectif le 12 mars 2025
- Poursuite des échanges sous le symbole 'BLNE' avec un nouveau numéro CUSIP
Beeline Holdings (NASDAQ: BLNE) hat die Genehmigung für eine neue Nasdaq-Notierung nach der Fusion mit Beeline Financial Holdings, Inc. erhalten. Das Unternehmen, das zuvor als Eastside Distilling bekannt war, wird seinen Namen am 12. März 2025 offiziell in Beeline Holdings ändern, um seinen strategischen Fokus auf das KI-gesteuerte Online-Hypothekengeschäft widerzuspiegeln.
Wichtige Entwicklungen umfassen:
- Aktionärsapproval für die Kontrolleänderung am 7. März 2025
- Durchführung eines 1-zu-10-Rücksplit, der am 12. März 2025 wirksam wird
- Fortsetzung des Handels unter dem Symbol 'BLNE' mit einer neuen CUSIP-Nummer
- Secured new Nasdaq listing approval, maintaining market presence
- Strategic repositioning into AI-driven mortgage technology sector
- Successfully completed merger with Beeline Financial Holdings
- Implementation of 1-for-10 reverse stock split indicating potential share price concerns
Providence, Rhode Island--(Newsfile Corp. - March 10, 2025) - Eastside Distilling, Inc. d/b/a Beeline Holdings (NASDAQ: BLNE) today announced that its application for a new Nasdaq listing has been officially accepted. The new listing requirement follows the change of control resulting from the company's merger with Beeline Financial Holdings, Inc. and shareholder approval of the change of control on March 7, 2025.
Additionally, the company confirmed that shareholders also approved its name change to Beeline Holdings, Inc. ("Beeline") on March 7, 2025, with the change set to take effect on March 12, 2025. The new name aligns with Beeline's strategic focus on its AI-driven online mortgage business, reinforcing its commitment to innovation in the industry.
Nick Liuzza, the newly appointed Chief Executive Officer of Beeline, expressed confidence in the company's trajectory, stating, "This milestone marks just the beginning of an exciting new chapter for Beeline. With strong momentum behind our technology and business development initiatives, we look forward to sharing more updates in the near future as we continue to drive forward innovation in the mortgage space."
To meet the minimum price requirement for its new Nasdaq listing, Beeline will implement a 1-for-10 reverse stock split of its common stock, effective March 12, 2025. Following the split, every ten shares of issued and outstanding common stock will be converted into one share. The company's common stock will continue trading on Nasdaq under the symbol "BLNE" with a new CUSIP number assigned post-split.
About Beeline Financial Holdings, Inc.
Beeline Financial Holdings, Inc. is a technology-driven mortgage lender and title provider building a fully digital, AI-powered platform that simplifies and accelerates the home financing process. Headquartered in Providence, RI, Beeline Financial Holdings, Inc. is dedicated to transforming the mortgage industry through innovation and customer-focused solutions. It is a wholly-owned subsidiary of Beeline Holdings and owns Beeline Loans and Beeline Labs.
About Eastside Distilling, Inc.
Eastside Distilling, Inc. is a producer of award-winning craft spirits, including whiskey, vodka, and rum. Founded in Portland, OR, Eastside is committed to quality, innovation, and sustainability, delivering exceptional products that reflect the spirit of the Pacific Northwest.
Contact:
ir@makeabeeline.com
SOURCE: Eastside Distilling, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243860
FAQ
When will Beeline Holdings (BLNE) implement its 1-for-10 reverse stock split?
What is the new business focus of Beeline Holdings (BLNE) after the merger?
When will the name change from Eastside Distilling to Beeline Holdings (BLNE) take effect?
Will Beeline Holdings (BLNE) continue trading under the same stock symbol after the reverse split?
