Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 27

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 27
---
ie option and warrant holders, to be issued in accordance with Nasdaq rules. If shareholder approval is not obtained, the Company will be at risk of being unable to allow conversions of its securities and being in breach of certain contractual obligations, or of failing to comply with the continued listing requirements of Nasdaq. The Company strongly believes it is in the interest of all of its shareholders to remain listed on Nasdaq. Delisting from Nasdaq will not be in the interest of our current common shareholders or other holders of our securities and will make capital raising a substantially more risky and challenging undertaking. In addition, the Company needs to raise additional capital to service its debt obligations and fund its operations and growth objectives, which requires the issuance of additional shares of common stock including under the ELOC Agreement (Proposal 2). See also the Question and Answer above beginning with “What are the consequences if the Merger Share Issuance Proposal is not approved?”

| 26 |

Q: What is the difference between holding shares as a shareholder of record and as a beneficial owner? A:If your shares of Eastside common stock are registered directly in your name with our transfer agent, you are considered the shareholder of record with respect to those shares. As the shareholder of record, you have the right to vote or to grant a proxy for your vote directly to us, or to a third party to vote at the Special Meeting. If your shares are held by a bank, brokerage firm or other nominee, you are considered the beneficial owner of shares held in “street name,” and your bank, brokerage firm or other nominee is considered the shareholder of record with respect to those shares. Your bank, brokerage firm or other nominee will send you, as the beneficial owner, a package describing the procedure for voting your shares. You should follow the instructions provided by them to vote your shares. You will only be able vote your shares in person at the Special Meeting if you obtain a legal proxy from your bank, broker, or other nominee. Q: How does the Board recommend that I vote? A:After careful consideration, the Board unanimously recommends that the Eastside shareholders vote “FOR” all of the proposals described in this Proxy Statement. Q: If my shares are held in “street name” by my broker, will my broker vote my shares for me? A:Your broker is not permitted to vote on the non-routine proposals unless you provide your broker with voting instructions on that proposal. Each proposal other than Proposals 4 and 5 are considered non-routine. You