Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.99
Beeline Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- stockholders equity
- Rules
- 5550(b)(1)
Exact text from the filing
April 5, 2023, Eastside Distilling, Inc. (the “Company” ) received a deficiency letter from the Nasdaq Staff notifying Eastside Distilling that its stockholders’ equity as reported in its Annual Report on Form 10-K for the period ending December 31, 2022, did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) (the “ Equity Rule ”) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2.5 million. As reported on its most recent Form 10-K, the Company’s stockholders’ equity as of December 31, 2022 was a deficit of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Beeline Holdings, Inc. entered into Debt Satisfaction Agreement with The B.A.D. Company, LLC valued at Reduced debts totaling $6,510,000 (effective 2023-09-29).
- Action
- entry
- Counterparty
- The B.A.D. Company, LLC
- Value
- Reduced debts totaling $6,510,000
- Effective
- 2023-09-29
Exact text from the filing
On September 29, 2023, the Company entered into a Debt Satisfaction Agreement (the “Agreement” ) with The B.A.D. Company, LLC (the “SPV” ), Aegis Security Insurance Company ( “Aegis” ), Bigger Capital Fund, LP ( “Bigger” ), District 2 Capital Fund, LP ( “District 2” ), LDI Investments, LLC ( “LDI” ) and TQLA, LLC.
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