Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 121

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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,158
common shares.

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.

The Company also entered into a letter agreement
with Mr. Liuzza providing that the same amendments to the Series G as are described above with respect to his beneficial ownership
limitation shall also apply to Mr. Liuzza’s Warrants of 1,487,123
with an exercise price of $1.67
per share.

On
April 30, 2025, the Company sold 223,214 shares under the ELOC at $1.12
per share, which was less than the exercise price of the Warrants which were issued in connection with the Series G Preferred Stock
offering, resulting in a decrease in the exercise price of the Warrants to $1.12
under the full price protection adjustment of the Warrants and an increase in the shares of common stock issuable upon exercise of
such Warrants by an additional 442,750
shares.

On
May 16, 2025, Mr. Liuzza agreed that the exercise price of the Warrants which were issued to him in connection with the Series G
Preferred Stock offering would be amended to be exercisable at $1.75
per share.  The Company is in the process of requesting from the other Warrant holders that their exercise price be amended to be $1.75
per share as well. This will be treated for accounting purposes as a warrant modification, which is not expected to have an accounting
effect.

Additionally
on May 16, 2025, the Company sold 100,000 shares under the ELOC at $1.05
per share, which was less than the exercise price of the Warrants which were issued in connection with the Series G Preferred Stock