regulatory
confidence high
sentiment negative
materiality 0.75
Beeline Holdings, Inc. (BLNE): Nasdaq/NYSE listing notice — Eastside Distilling receives Nasdaq deficiency notice for stockholders' equity below $2.5M
Beeline Holdings, Inc.
- Stockholders' equity was $853,000 as of Dec 31, 2023; Nasdaq requires minimum $2.5M for continued listing.
- Company has 45 calendar days (until May 23, 2024) to submit a compliance plan to Nasdaq.
- Eastside is evaluating options but cannot assure it will regain compliance with continued listing standards.
- Deficiency letter received April 8, 2024; common stock trades on Nasdaq Capital Market under symbol EAST.