Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 146

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 146
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 “Loan Agreement”) between the Company and Live Oak Banking Company (“Live Oak”), a North Carolina banking corporation (the “Lender”) to refinance existing debt of the Company and to provide funding for general working capital purposes In connection with the Loan Agreement, the Company issued to the Lender a warrant to purchase up to 5,000shares of the Company’s common stock at an exercise price of $ 78.80per share (the “Warrant”). The Warrant expires on January 15, 2025. In connection with the issuance of the Warrant, the Company granted the Lender piggy-back registration rights with respect to the shares of common stock issuable upon exercise of the Warrant, subject to certain exceptions.

A summary of all warrant activity as of and for the year ended December 31, 2023 is presented below:

Summary of Warrant Activity

|                         |     | Warrants |         |     | Weighted-    
 Average      
 Remaining    
 Life (Years) |     |     | Weighted- 
 Average   
 Exercise  
 Price     |       |     | Aggregate 
 Intrinsic 
 Value     |   |
|:------------------------|:----|:---------|--------:|:----|:-------------|----:|:----|:----------|------:|:----|:----------|:--|
| Outstanding             
 as of December 31, 2022 |     |          | 201,667 |     |              | 3.8 |     | $         | 33.40 |     | $         | - |
| Outstanding             
 as of December 31, 2023 |     |          | 201,667 |     |              | 3.4 |     | $         | 34.87 |     | $         | - |

18.Related Party Transactions

Related Party Transactions

The following is a description of transactions since January 1, 2022 as to which the amount involved exceeds the lesser of $ 0.1million or one percent ( 1%) of the average of total assets at year-end for the last two completed fiscal years, which was $ 0.3million, and in which any related person has or will have a direct or indirect material interest, other than equity, compensation, termination and other arrangements.

TQLA, LLC

During 2022, the Company entered into a Secured Line of Credit Promissory Note (the “TQLA Note”) with TQLA LLC and amended