Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 125

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 then in
effect will be reduced to such lower price per share, subject to certain exceptions and to a floor price of 20% of the Nasdaq Minimum
Price as of the initial closing date of the offering of such Series G Preferred Stock (see below for triggering event). The result of
such provision is that more shares of common stock will be issuable upon conversions of the Series G Preferred Stock if there is a subsequent
issuance at a lower price per share. Each share of Series G Preferred Stock is convertible into common stock by a conversion ratio equal
to the stated value of the Series G Preferred Stock share divided by the Series G Preferred Stock conversion price. The Series G Preferred
Stock conversion price is subject to equitable adjustment in the event of a stock split, reverse split, and similar events. The number
of shares of Common Stock into which a 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.

During
the nine months ended September 30, 2025, the Company sold 6