false 2025-01-30 0001534708 Eastside Distilling, Inc.
 0001534708 2025-01-30 2025-01-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 30, 2025

EASTSIDE DISTILLING, INC.
(Exact name of registrant as specified in its charter)

Nevada 001-38182 20-3937596
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

755 Main Street
Building 4, Suite 3
 Monroe, Connecticut, 06468
 (Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (458) 800-9154

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbols   Name of each exchange on which registered
Common Stock, $0.0001 par value   BLNE   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

On January 30, 2025, Eastside Distilling, Inc., operating as Beeline Holdings, (the "Company") issued a press release announcing the launch of "Beeline Labs," a new division dedicated to generating B2B SaaS revenue. As its first product, Beeline Labs will introduce BlinkQC, a revolutionary automated mortgage Quality Control (QC) solution designed to save lenders time and money while ensuring compliance with industry standards. The text of the press release is furnished as Exhibit 99.1 to this current report.

The information in this Item 7.01 and Exhibit 99.1 hereto shall not be deemed "filed" for the purposes of or otherwise subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Unless expressly incorporated into a filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, the information contained in this Item 7.01 and Exhibit 99.1 hereto shall not be incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Description
   
99.1 Press Release dated January 30, 2025.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 30, 2025

  EASTSIDE DISTILLING, INC.
     
  By: /s/ Geoffrey Gwin
    Geoffrey Gwin
    Chief Executive Officer

Beeline Launches "Beeline Labs" to Drive Revenue Growth with Groundbreaking SaaS Model and BlinkQC

Providence, Rhode Island, January 30, 2025 - Beeline (NASDAQ: BLNE), a digital-first leader in mortgage innovation, has launched Beeline Labs, a new division dedicated to generating B2B SaaS revenue. As its first product, Beeline Labs introduces BlinkQC, a revolutionary automated mortgage Quality Control (QC) solution designed to save lenders time and money while ensuring compliance with industry standards.

BlinkQC: Faster, Smarter Mortgage QC

The QC process, mandated by Fannie Mae and Freddie Mac, requires lenders to review 10% of all mortgage files prior to closing. Traditionally, QC is conducted by third-party providers or internal teams using separate systems, costing $150-$200 per file and taking up to two days per review.

Powered by proprietary AI and leveraging DOC AI, which is more accurate than OCR, BlinkQC automates the entire QC process in just three minutes, while delivering 95% data extraction accuracy across even the most complex, multi-page documents. This groundbreaking solution applies over 400 compliance rules to ensure thorough, automated reviews, significantly outperforming traditional OCR technology.

"BlinkQC is a game-changer for the mortgage industry", said Nick Liuzza, CEO at Beeline. "By automating a traditionally cumbersome process, we're helping lenders save time and money while maintaining compliance with stringent industry standards."

BlinkQC is live within Beeline's mortgage operations and will be available to license in March.

Market Demand and Future Opportunities

With three lenders already committed to licensing BlinkQC ahead of its official launch in Q1 2025, market demand is strong. Beeline anticipates rapid adoption across the industry as BlinkQC becomes the preferred solution for both pre-close and post-close QC processes.

About Beeline Financial Holdings, Inc.

Beeline Financial Holdings, Inc. is a technology-driven mortgage lender and title provider offering a fully digital, AI-enhanced, platform that simplifies and accelerates the home financing process for homeowners and property investors. Based in Providence, RI, Beeline is dedicated to transforming the mortgage industry through innovative technology and customer-centric solutions.

Important Cautions Regarding Forward-Looking Statements

Certain matters discussed in this press release may be forward-looking statements that reflect our expectations or anticipations rather than historical fact. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions, general competitive factors, the Company's ongoing financing requirements and ability to achieve financing, acceptance of the Company's products in the market, the Company's success in obtaining new customers, the Company's ability to execute its business model and strategic plans, and other risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"). A detailed discussion of the most significant risks can be found in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and the Company's Current Report on Form 8-K filed with the SEC on November 21, 2024 and the Company's Current Report on Form 8K/A filed with the SEC on Form 8-K/A on December 19, 2024. The Company assumes no obligation to update the cautionary information in this press release.

Contact:

ir@makeabeeline.com

SOURCE: Beeline Financial Holdings, Inc.

v3.24.4
Document and Entity Information Document
Jan. 30, 2025
Document Information [Line Items]  
Document Type 8-K
Document Creation Date Jan. 30, 2025
Document Period End Date Jan. 30, 2025
Amendment Flag false
Entity Registrant Name Eastside Distilling, Inc.
Entity Address, Address Line One 755 Main Street
Entity Address, Address Line Two Building 4, Suite 3
Entity Address, City or Town Monroe
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06468
Entity Incorporation, State Country Name NV
City Area Code 458
Local Phone Number 800-9154
Entity File Number 001-38182
Entity Central Index Key 0001534708
Entity Emerging Growth Company false
Entity Tax Identification Number 20-3937596
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.0001 par value
Trading Symbol BLNE
Security Exchange Name NASDAQ
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