Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 110

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 110
---
 holder may convert Series G Preferred Stock will be limited by a beneficial ownership limitation,
which restricts the number of shares of the Company’s common stock that the holder and its affiliates may beneficially own after
the conversion to 4.99%.The holder of Series G Preferred Stock has no conversion or voting rights prior to stockholder approval of such
actions. In the event of a liquidation of the Company, the holders of Series G Preferred Stock will share in the distribution of the
Company’s net assets on an as-converted basis, subordinate only to the Series B Preferred Stock, Series C Preferred Stock, Series
D Preferred Stock, and Series E Preferred Stock. The conversion of Series G Preferred Stock was approved at a special meeting of stockholders
on March 7, 2025.

On April 25, 2025, the Company filed with the Nevada Secretary of State a Certificate of Amendment to the Series
G Preferred Stock Certificate of Designations. The Certificate of Amendment provides that (i) the beneficial ownership limitation on conversion
set forth in the Certificate of Designation will not apply to a holder who is otherwise subject to Section 16(a) of the Securities Exchange
Act of 1934 by virtue of being an executive officer or director of Company, and (ii) the anti-dilution price protection adjustment rights
with respect to subsequent offerings or issuances of securities will not apply to an equity line of credit or at-the-market offering facility
or as otherwise determined by the holder(s) of a majority of the Series G Preferred Stock.

    25

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

During
the three months ended March 31, 2025, the Company sold 6,417,159 shares
of Series G Preferred Stock and 5five-year Warrants
to purchase a total of 320,862 shares
of common stock for total gross proceeds of $3.3 million.
The Company incurred offering costs of $6,270 related
to the offering. In addition, the Company’s Chief Executive Officer converted his $0.7 million
bridge loan into $0.7 million
of units comprised of 1,372,549 shares
of Series G Preferred Stock and five-year Warrants to purchase a total of 68,628 shares
of common stock.

On
March 25, 2025 (“the trigger date”), the Company sold common shares under the E