Correspondence 0001493152-25-000286 from Eastside Distilling, Inc. (BLNE) (CIK 0001534708) (BLNE)
Eastside Distilling, Inc. (BLNE) (CIK 0001534708)
Date: Jan. 3, 2025 · CIK: 0001534708 · Accession: 0001493152-25-000286
AI Filing Summary & Sentiment
File numbers found in text: 333-283816
Referenced dates: December 19, 2024
Letter
Eastside Distilling, Inc.
Main Street
Building 4, Suite 3
Monroe, CT 06468
January 3, 2025
VIA EDGAR
Securities and Exchange Commission
Division of Corporation Finance
Office of Manufacturing
F Street NE
Washington, D.C. 20549
Re: Eastside Distilling, Inc.
Registration Statement on Form S-1
Filed December 13, 2024
File No. 333-283816
Ladies and Gentlemen:
This letter is submitted by Eastside Distilling, Inc. (the “Company” or “EAST”) in response to the comment letter dated December 19, 2024 issued by the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) with respect to the Company’s Registration Statement on Form S-1 filed on December 13, 2024. Amendment No. 1 to the Registration Statement containing revised audited financial statements of EAST in response to the below comment is being filed simultaneously. The Registration Statement has also been updated solely to give effect to changes in the Company’s outstanding securities and recent agreements. Except where otherwise indicated, capitalized terms used and undefined in this response letter have the meanings given such terms in the Registration Statement.
For your convenience, each of the Staff’s comments have been restated below in their entirety, with the Company’s responses set forth immediately beneath such comment.
Registration Statement on Form S-1 Filed December 13, 2024
General
1. Revise to include in this filing audited financial statements of Eastside Distilling as of and for the years ended December 31, 2023 and 2022, respectively, that have been retrospectively reclassified to present your Craft segment and the other effects of the Debt Agreement as discontinued operations pursuant to ASC Topic 205-20, Presentation of Financial Statements – Discontinued Operations. Otherwise, advise us.
Response: The Company has revised the audited financial statements of Eastside Distilling as of and for the years ended December 31, 2023 and 2022 to reclassify the Craft segment and the other effects of the Debt Agreement as discontinued operations pursuant to ASC Topic 205-20, Presentation of Financial Statements – Discontinued Operations.
January 3, 2025
Page
Should the Staff have any additional questions or comments after reviewing this response letter, we would appreciate an opportunity to discuss these comments or questions with the Staff prior to the distribution of another comment letter. Please direct any questions concerning this response letter to Michael D. Harris, Esq. or Constantine Christakis, Esq. of Nason Yeager Gerson Harris & Fumero, P.A., the Company’s legal counsel, at 561-644-2222, mharris@nasonyeager.com or cchristakis@nasonyeager.com.
Sincerely,
Eastside
Distilling, Inc.
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filename1.htm
Eastside
Distilling, Inc.
755
Main Street
Building
4, Suite 3
Monroe,
CT 06468
January
3, 2025
VIA
EDGAR
Securities
and Exchange Commission
Division
of Corporation Finance
Office
of Manufacturing
100
F Street NE
Washington,
D.C. 20549
Re:
Eastside Distilling, Inc.
Registration Statement on Form S-1
Filed December 13, 2024
File No. 333-283816
Ladies
and Gentlemen:
This
letter is submitted by Eastside Distilling, Inc. (the “Company” or “EAST”) in response to the comment letter
dated December 19, 2024 issued by the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange
Commission (the “Commission”) with respect to the Company’s Registration Statement on Form S-1 filed on December 13,
2024. Amendment No. 1 to the Registration Statement containing revised audited financial statements of EAST in response to the below
comment is being filed simultaneously. The Registration Statement has also been updated solely to give effect to changes in the Company’s
outstanding securities and recent agreements. Except where otherwise indicated, capitalized terms used and undefined in this response
letter have the meanings given such terms in the Registration Statement.
For
your convenience, each of the Staff’s comments have been restated below in their entirety, with the Company’s responses set
forth immediately beneath such comment.
Registration
Statement on Form S-1 Filed December 13, 2024
General
1. Revise
to include in this filing audited financial statements of Eastside Distilling as of and for
the years ended December 31, 2023 and 2022, respectively, that have been retrospectively
reclassified to present your Craft segment and the other effects of the Debt Agreement as
discontinued operations pursuant to ASC Topic 205-20, Presentation of Financial Statements
– Discontinued Operations. Otherwise, advise us.
Response:
The Company has revised the audited financial statements of Eastside Distilling as of and for the years ended December 31, 2023 and
2022 to reclassify the Craft segment and the other effects of the Debt Agreement as discontinued operations pursuant to ASC Topic 205-20,
Presentation of Financial Statements – Discontinued Operations.
January
3, 2025
Page
2
Should
the Staff have any additional questions or comments after reviewing this response letter, we would appreciate an opportunity to discuss
these comments or questions with the Staff prior to the distribution of another comment letter. Please direct any questions concerning
this response letter to Michael D. Harris, Esq. or Constantine Christakis, Esq. of Nason Yeager Gerson Harris & Fumero, P.A., the
Company’s legal counsel, at 561-644-2222, mharris@nasonyeager.com or cchristakis@nasonyeager.com.
Sincerely,
Eastside
Distilling, Inc.
By:
/s/Geoffrey
Gwin
Geoffrey
Gwin, CEO
cc:
Michael
Harris, Esq.
Constantine
Christakis, Esq.