---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009510"
form_type: "8-K"
ticker: "BLNE"
cik: "0001534708"
company_name: "Beeline Holdings, Inc."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-04T23:48:36.396032+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Eastside Distilling gets Nasdaq deficiency notice for board independence after director resignation

## Summary
- Resignation of director Elizabeth Levy-Navarro triggered non-compliance with Nasdaq Rule 5605 requiring majority independent directors.
- Cure period until next annual meeting or Jan 22, 2025; if annual meeting before July 22, 2024, compliance due July 22, 2024.
- Management will take commercially reasonable steps to appoint an independent director to fill vacancy.
- If compliance not achieved within cure period, Nasdaq may delist common stock; company can appeal to hearings panel.

## SEC filing metadata
- accession: 0001493152-24-009510
- form_type: 8-K
- ticker: BLNE
- cik: 0001534708
- company_name: Beeline Holdings, Inc.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534708/000149315224009510/0001493152-24-009510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534708/000149315224009510/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009510
- JSON: https://secwatch.observer/filing/0001493152-24-009510.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009510.txt

## Key facts
- Listing & Compliance Notices
  Beeline Holdings, Inc. received a nasdaq deficiency notice notice regarding board independence (rules 5605).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: board independence
  - Rules: 5605
  source text: March 7, 2024, Eastside Distilling, Inc. received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying Eastside Distilling that, due to the resignation of Elizabeth Levy-Navarro from Eastside Distilling’s Board of Directors, Eastside Distilling no longer complies with Nasdaq Listing Rule 5605, which requires that a listed company have a majority of independent directors on its Board of Directors and have an audit committee consisting of at least three independent directors. The notification has no immediate effect on Easts
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534708/000149315224009510/0001493152-24-009510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.