Shares of Eastside Distilling, Inc. (NASDAQ:EAST) soared by almost 162% on Thursday during the pre-market following the disclosure of a merger agreement with Beeline Financial Holdings, Inc., a private mortgage technology firm. Eastside unveiled that the strategic merger is the result of a thorough two-year review of its business portfolio. The merger is in line with Eastside’s objective to enhance stakeholder value and drive substantial growth across various sectors. As part of the deal, Eastside carried out a debt-for-equity swap and sold off its Craft Canning + Digital Printing assets to a …
