Company: BLNE
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001493152-25-021786
Chunk: 23

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-12
Form: 424B5
Chunk 23
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| Increase in net tangible book value per share attributable to this offering |     | $      |  0.10 |   |     | $         |  0.15 |   |
| As adjusted net tangible book value per share after this offering           |     | $      |  1.04 |   |     | $         |  0.70 |   |
| Decrease per share to new investors in this offering                        |     | $      | (0.56 | ) |     | $         | (0.90 | ) |

| S-20 |

The number of shares of Common Stock to be outstanding immediately after this offering is based on 23,135,155 shares of Common Stock outstanding as of November 10, 2025 and excludes, as of that date:

| ● | An                                                                                             
 estimated 3,172,145 shares of Common Stock underlying outstanding convertible preferred stock; |

| ● | 6,133,931                                                                                                            
 shares of Common Stock issuable upon the exercise of outstanding warrants, with a weighted-average exercise price of 
 $1.73 per share;                                                                                                     |

| ● | 468,029                                                                                                                        
 shares of Common Stock issuable upon the exercise of outstanding stock options, which options have a weighted average exercise 
 price of $5.09 per share; and                                                                                                  |

| ● | Up                                                                                                                              
 to 1,489,140 shares of Common Stock available for issuance pursuant to the Company’s Amended and Restated 2025 Equity Incentive 
 Plan and grants thereunder.                                                                                                     |

Except as otherwise indicated, the information in this prospectus supplement assumes no exercise of any outstanding options or warrants or conversion of any outstanding convertible preferred stock, and assumes no exercise of the Placement Agent Warrants. The share amounts and prices do not give effect to (i) an estimated 5,868 warrants with an exercise price of $231.20 per share which we are obligated to issue to former Beeline Financial warrant holders as a result of the Merger, (ii) the issuance of up to 277,200 shares of Common Stock upon exercise of the Placement Agent Warrants having an exercise of $2.48 per share, or (iii) potential adjustment to the numbers of conversion and exercise prices and underlying shares pursuant to provisions in the respective securities described herein.

To the extent that options, warrants or preferred stock are exercised or converted, you may experience further dilution. In addition, we may choose to raise additional