Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 415

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 415
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 the first anniversary of the stockholder
approval of an increase in the authorized shares of common stock.

On November 14, 2024,
the Company sold $1.9
million in aggregate principal amount of the Notes and the Warrants to purchase a total of 36,360
shares of common stock for net proceeds of $1.6
million in the Offering. The Warrants have a term of five
years from issuance and are exercisable at an exercise price of $5.00
per share (of which all but $0.001
per share was pre-funded by each Investor). The Warrants will be exercisable beginning upon shareholder approval of the issuance of
the common stock upon exercise of the Warrants and an increase in the authorized Common Stock of the Company. If at any time after
exercising the Warrants, there is no effective registration statement registering, or the prospectus contained therein is not
available for use, then the Warrants may also be exercised, in whole or in part, by means of a “cashless exercise.” The
Company recorded a debt discount related to the warrants of $24,372
as of December 31, 2024, see Note 16 – Secured Credit Facilities.

On May 16, 2024, Eastside entered into a Loan Agreement
with the SPV, Aegis, Bigger, District 2, and LDI. With each 2024 Secured Note, Eastside issued a Warrant to purchase a share of the Company’s
common stock for $50.00 exercisable for five years after December 2, 2024 if on November 29, 2024 the 2024 Secured Note issued to the
Warrant-holder remains unsatisfied. LDI received a Warrant to purchase 59,802 shares and each of Bigger and District 2 received a Warrant
to purchase 29,901 shares. Eastside recorded a debt discount of $0.3 million as of December 31, 2024. These warrants were cancelled as
part of the Debt Exchange Agreement, see Note 5 - Debt Exchange Agreement.

The
estimated fair value of the new warrants issued in 2024 was based on a combination of closing market trading price on the date of
issuance for the public offering warrants, and the Black-Scholes option-pricing model, using the weighted average assumptions
below:

SCHEDULE
OF FAIR VALUE OF WARRANTS

    Vol