美國
證券和交易所委員會
華盛頓特區20549
13G表
(規則13d-102)
根據規則13d-1(a)和其修訂版本提交的聲明應包括的信息
根據規則13d-1(b)、(c)和(d)及其修改文件提交
根據規則13d-2(b)提交
(第4次修訂)1
Eastside Distilling, Inc. |
(發行人名稱) |
普通股,每股面值0.0001美元 |
(證券種類的名稱) |
277802401 |
(CUSIP編號) |
2024年9月5日 |
(需要提交本聲明的事件日期) |
請選擇適當的盒子標記本日程表提交的規則:
☐ | 規則13d-1(b) |
☒ | 規則13d-1(c) |
☐ | 規則13d-1(d) |
1本封面的其餘部分應該由報告人填寫,涉及主要證券類別的首次申報,以及包含可能改變之前封面披露信息的任何後續修正。
根據§ 240.13d-2(a)提交的修改和補充報表請參閱該票據 ).
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
創業公司資本基金,有限合夥 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 4,808 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
4,808 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
4,808* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
少於百分之一* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
PN |
* 不包括髮行者普通股,面值爲$0.0001(「普通股」),可由大資本轉換髮行者D系列優先股,每股面值$0.0001(「D系列優先股」)時發行的550,306股股份,因爲D系列優先股股份受到9.99%的限制;以及不包括髮行者普通股,面值爲$0.0001,可由大資本轉換髮行者E系列優先股,每股面值爲$0.0001(「E系列優先股」)時發行的400,000股股份,因爲E系列優先股股份受到9.99%的限制。
2 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
更大資本基金GP,有限責任公司 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 4,808 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
4,808 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
4,808* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
少於百分之一* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
OO |
* 不包括(i)發行給Bigger Capital的550,306股普通股,因爲系列D優先股的股份受9.99%阻止器限制,以及(ii)發行給Bigger Capital的400,000股普通股,因爲系列E優先股的股份受9.99%阻止器限制。
3 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
第二區基金LP | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 4,808 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
4,808 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
4,808* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
少於百分之一* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
PN |
* 因爲D輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的868,994股普通股;因爲E輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的600,000股普通股。
4 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
第二區資本有限合夥 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 4,808 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
4,808 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
4,808* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
少於百分之一* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
PN |
* 因爲D輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的868,994股普通股;因爲E輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的600,000股普通股。
5 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
第2區GP有限責任公司 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 4,808 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
4,808 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
4,808* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
少於百分之一* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
OO |
* 因爲D輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的868,994股普通股;因爲E輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的600,000股普通股。
6 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
第2區控股有限責任公司 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 4,808 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
4,808 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
4,808* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
少於百分之一* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
OO |
* 因爲D輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的868,994股普通股;因爲E輪優先股受到9.99%的限制,不包括向第2區CF轉換後可發行的600,000股普通股。
7 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
B.A.D. 公司 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 382,250 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
382,250 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
382,250* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
9.7%* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
OO |
* 不包括291,324股普通股 可轉換爲發行人系列C優先股,每股面值$0.0001美元(「系列C優先股」),因爲系列C優先股受到9.99%的限制。
8 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
大本山資本有限責任公司 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
特拉華州 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 382,250 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
382,250 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
382,250* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
9.7%* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
OO |
* 不包括髮行給b.A.D.的291,324股普通股,因爲C優先股受到9.99%的限制。
9 |
CUSIP編號277802401
1 | 報告人名稱 | ||||||||||||||||||
邁克爾·比格 | |||||||||||||||||||
2 | 如果是一組的成員,請檢查適當的框(見說明書) | (a) ☒ | |||||||||||||||||
(b) ☐ | |||||||||||||||||||
3 | 僅供SEC使用 | ||||||||||||||||||
4 | 公民身份或組織地點 | ||||||||||||||||||
美國 | |||||||||||||||||||
持有的受益股份數量 | 5 | 唯一擁有投票權的股份數量 | |||||||||||||||||
每個報告人持有的受益股份數量 | |||||||||||||||||||
有益的 | 0 | ||||||||||||||||||
擁有人 | 6 | 具有共同投票權 | |||||||||||||||||
每個 | |||||||||||||||||||
報告的 | 391,866 | ||||||||||||||||||
個人擁有 | 7 | 具有唯一處理權 | |||||||||||||||||
0 | |||||||||||||||||||
8 | 具有共同處理權 | ||||||||||||||||||
391,866 | |||||||||||||||||||
9 | 每位報告人受益擁有的合計數量 | ||||||||||||||||||
391,866* | |||||||||||||||||||
10 | 如果第9行的合計金額不包括某些股票,請勾選複選框。 | ☐ | |||||||||||||||||
11 | 第9行金額佔整個類別的百分比 | ||||||||||||||||||
9.99%* | |||||||||||||||||||
12 | 報告人類型 | ||||||||||||||||||
所在 |
* Consists of (i) 4,808 shares of Common Stock owned by Bigger Capital, (ii) 4,808 shares of Common Stock owned by District 2 CF and (iii) 382,250 shares of Common Stock owned by B.A.D. Does not consist of (a) 550,306 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% blocker, (b) 400,000 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% blocker, (c) 868,994 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% blocker, (d) 600,000 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% blocker, and (e) 291,324 shares of Common Stock issuable to B.A.D. upon conversion of shares of the Series C Preferred Stock because the Series C Preferred Stock is subject to a 9.99% blocker.
10 |
CUSIP No. 277802401
Item 1(a). | Name of Issuer: |
Eastside Distilling, Inc., a Nevada corporation (the “Issuer”).
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
2321 NE Argyle Street, Unit D
Portland, Oregon 97211
Item 2(a). | Name of Person Filing |
Item 2(b). | Address of Principal Business Office or, if None, Residence |
Item 2(c). | Citizenship |
Bigger Capital Fund, LP (“Bigger Capital”)
11700 W Charleston Blvd. 170-659
Las Vegas, NV 89135
Citizenship: Delaware
Bigger Capital Fund GP, LLC (“Bigger GP”)
11700 W Charleston Blvd. 170-659
Las Vegas, NV 89135
Citizenship: Delaware
District 2 Capital Fund LP (“District 2 CF”)
14 Wall Street, 2nd Floor
Huntington, NY 11743
Citizenship: Delaware
District 2 Capital LP (“District 2”)
14 Wall Street, 2nd Floor
Huntington, NY 11743
Citizenship: Delaware
District 2 GP LLC (“District 2 GP”)
14 Wall Street, 2nd Floor
Huntington, NY 11743
Citizenship: Delaware
District 2 Holdings LLC (“District 2 Holdings”)
14 Wall Street, 2nd Floor
Huntington, NY 11743
Citizenship: Delaware
The B.A.D. Company, LLC (“B.A.D.”)
11700 W Charleston Blvd. 170-659
Las Vegas, NV 89135
Citizenship: Delaware
Bigger Capital, LLC
11700 W Charleston Blvd. 170-659
Las Vegas, NV 89135
Citizenship: Delaware
11 |
CUSIP No. 277802401
Michael Bigger
11700 W Charleston Blvd. 170-659
Las Vegas, NV 89135
Citizenship: USA
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
Item 2(d). | Title of Class of Securities: |
Common Stock, $0.0001 par value.
Item 2(e). | CUSIP Number: |
277802401
Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
/x/ | Not applicable. | ||
(a) | / / | Broker or dealer registered under Section 15 of the Exchange Act. | |
(b) | / / | Bank as defined in Section 3(a)(6) of the Exchange Act. | |
(c) | / / | Insurance company as defined in Section 3(a)(19) of the Exchange Act. | |
(d) | / / | Investment company registered under Section 8 of the Investment Company Act. | |
(e) | / / | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). | |
(f) | / / | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). | |
(g) | / / | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). | |
(h) | / / | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. | |
(i) | / / | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. | |
(j) | / / | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J). | |
(k) | / / | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
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CUSIP No. 277802401
Item 4. | Ownership |
(a) | Amount beneficially owned: |
As of October 21, 2024, Bigger Capital beneficially owned 4,808 shares of Common Stock. Does not consist of (i) 550,306 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation and (ii) 400,000 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation.
Bigger GP, as the general partner of Bigger Capital, may be deemed to beneficially own the 4,808 shares of Common Stock owned by Bigger Capital. Does not consist of (i) 550,306 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation and (ii) 400,000 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation.
As of October 21, 2024, District 2 CF beneficially owned 4,808 shares of Common Stock. Does not consist of (i) 868,994 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation and (ii) 600,000 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation.
District 2, as the investment manager of District 2 CF, may be deemed to beneficially own the 4,808 shares of Common Stock owned by District 2 CF. Does not consist of (i) 868,994 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation and (ii) 600,000 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation.
District 2 GP, as the general partner of District 2 CF, may be deemed to beneficially own the 4,808 shares of Common Stock owned by District 2 CF. Does not consist of (i) 868,994 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation and (ii) 600,000 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation.
District 2 Holdings, as the managing member of District 2 GP, may be deemed to beneficially own the 4,808 shares of Common Stock owned by District 2 CF. Does not consist of (i) 868,994 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation and (ii) 600,000 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation.
As of October 21, 2024, B.A.D. beneficially owned 382,250 shares of Common Stock. Does not consist of 291,324 shares of Common Stock issuable to B.A.D. upon conversion of Series C Preferred Stock because the Series C Preferred Stock is subject to a 9.99% beneficial ownership limitation.
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CUSIP No. 277802401
Bigger Capital, LLC, as the manager of B.A.D., may be deemed to beneficially own the 382,250 shares of Common Stock owned by B.A.D. Does not consist of 291,324 shares of Common Stock issuable to B.A.D. upon conversion of Series C Preferred Stock because the Series C Preferred Stock is subject to a 9.99% beneficial ownership limitation.
Mr. Bigger, as the managing member of Bigger GP, the managing member of District 2 Holdings and the managing member of Bigger Capital, LLC, may be deemed to beneficially own the (i) 4,808 shares of Common Stock owned by Bigger Capital, (ii) 4,808 shares of Common Stock owned by District 2 CF and (iii) 382,250 shares of Common Stock owned by B.A.D. Does not consist of (a) 550,306 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation, (b) 400,000 shares of Common Stock issuable to Bigger Capital upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation, (c) 868,994 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series D Preferred Stock because the shares of Series D Preferred Stock are subject to a 9.99% beneficial ownership limitation, (d) 600,000 shares of Common Stock issuable to District 2 CF upon conversion of shares of Series E Preferred Stock because the shares of Series E Preferred Stock are subject to a 9.99% beneficial ownership limitation, and (e) 291,324 shares of Common Stock issuable to B.A.D. upon conversion of shares of the Series C Preferred Stock because the Series C Preferred Stock is subject to a 9.99% beneficial ownership limitation.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person or any other person. Each of Bigger GP and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by Bigger Capital. Each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by District 2 CF. Each of Bigger Capital, LLC and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by B.A.D. The filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities.
(b) | Percent of class: |
The following percentages are based on 3,540,625 shares of Common Stock outstanding as of October 7, 2024 as disclosed in a certain Amendment No. 1 to the Agreement and Plan of Merger and Reorganization, by and among the Issuer, East Acquisition Sub, Inc. and Beeline Financial Holdings, Inc., filed in the Issuer’s Form 8-K filed by the Issuer with the Securities and Exchange Commission on October 7, 2024.
As of the close of business on October 21, 2024, (i) each of Bigger Capital and Bigger GP may be deemed to beneficially own less than one percent of the outstanding shares of Common Stock, (ii) each of District 2 CF, District 2, District 2 GP and District 2 Holdings may be deemed to beneficially own less than one percent of the outstanding shares of Common Stock, (iii) B.A.D. and Bigger Capital, LLC may be deemed to beneficially own approximately 9.7% of the outstanding shares of Common Stock and (iv) Mr. Bigger may be deemed to beneficially own approximately 9.99% of the outstanding shares of Common Stock.
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CUSIP No. 277802401
Pursuant to the terms of the Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, the Reporting Persons cannot convert the Series C Preferred Stock, Series D Preferred Stock or Series E Preferred Stock to the extent the Reporting Persons or affiliates of the Reporting Persons would beneficially own after any such conversion more than 9.99% of the outstanding shares of Common Stock (the “Blockers”), and the percentage set forth in Row 11 of the cover page for each Reporting Person as well as in this Item 4(b) gives effect to the Blockers. Consequently, as of October 21, 2024, the Reporting Persons were not able to convert the Series C Preferred Stock, Series D Preferred Stock or Series E Preferred Stock due to the Blockers.
(c) | Number of shares as to which such person has: |
(i) | Sole power to vote or to direct the vote |
See Cover Pages Items 5-9.
(ii) | Shared power to vote or to direct the vote |
See Cover Pages Items 5-9.
(iii) | Sole power to dispose or to direct the disposition of |
See Cover Pages Items 5-9.
(iv) | Shared power to dispose or to direct the disposition of |
See Cover Pages Items 5-9.
Item 5. | Ownership of Five Percent or Less of a Class. |
Not Applicable.
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Bigger GP and Mr. Bigger may be deemed to share voting and dispositive power over the shares of Common Stock beneficially owned by Bigger Capital. District 2, District 2 GP, District 2 Holdings and Mr. Bigger may be deemed to share voting and dispositive power over the shares of Common Stock beneficially owned by District 2 CF. Bigger Capital, LLC and Mr. Bigger may be deemed to share voting and dispositive power over the shares of Common Stock beneficially owned by B.A.D.
The members of The B.A.D. Company, LLC are Bigger Capital, District 2 CF, Aegis Security Insurance Company and LD Investments, LLC. The Manager of The B.A.D. Company, LLC is Bigger Capital, LLC. Aegis Security Insurance Company (“Aegis”) and LD Investments, LLC (“LDI”) each have a pecuniary interest in the securities owned by B.A.D., but do not have the authority to exercise voting or dispositive power over the securities owned by B.A.D. In addition, Bigger Capital, District 2 CF, Bigger Capital, LLC and Mr. Bigger do not have any interest in any of the securities owned by either of Aegis or LDI. Due to Aegis’ and LDI’s pecuniary interest in the securities owned by B.A.D., they could be deemed members of a group, but shall not be deemed a member of the group of the Reporting Persons indicated in this filing.
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CUSIP No. 277802401
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable.
Item 8. | Identification and Classification of Members of the Group. |
See Exhibit 99.1 previously filed with Amendment No. 3 to the Schedule 13G filed by the Reporting Persons on October 10, 2023.
Item 9. | Notice of Dissolution of Group. |
Not Applicable.
Item 10. | Certifications. |
By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 277802401
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: October 23, 2024
BIGGER CAPITAL FUND, LP | BIGGER CAPITAL FUND GP, LLC | |||||
By: | Bigger Capital Fund GP, LLC, its general partner | By: |
/s/ Michael Bigger | |||
Name: | Michael Bigger | |||||
By: |
/s/ Michael Bigger |
Title: | Managing Member | |||
Name: | Michael Bigger | |||||
Title: | Managing Member | |||||
DISTRICT 2 CAPITAL LP | ||||||
DISTRICT 2 CAPITAL FUND LP | By: | District 2 Holdings LLC, its general partner | ||||
By: | District 2 GP LLC, its general partner | By: |
/s/ Michael Bigger | |||
By: | District 2 Holdings LLC, its managing member | Name: | Michael Bigger | |||
Title: | Managing Member | |||||
By: |
/s/ Michael Bigger |
|||||
Name: | Michael Bigger | |||||
Title: | Managing Member | DISTRICT 2 HOLDINGS LLC | ||||
By: |
/s/ Michael Bigger | |||||
DISTRICT 2 GP LLC | Name: | Michael Bigger | ||||
Title: | Managing Member | |||||
By: | District 2 Holdings LLC, its managing member | |||||
By: |
/s/ Michael Bigger |
BIGGER CAPITAL, LLC | ||||
Name: | Michael Bigger | |||||
Title: | Managing Member | By: |
/s/ Michael Bigger | |||
Name: | Michael Bigger | |||||
Title: | Managing Member | |||||
THE B.A.D. COMPANY, LLC | ||||||
By: | Bigger Capital, LLC, its manager |
/s/ Michael Bigger | ||||
MICHAEL BIGGER | ||||||
By: |
/s/ Michael Bigger |
|||||
Name: | Michael Bigger | |||||
Title: | Managing Member |
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