Company: BLNE
Filing Date: 2025-02-28
Form Type: 8-K
Source: 0001493152-25-008693
Chunk: 0

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-28
Form: 8-K
Item: Item 3.01
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Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On
February 26, 2025, Eastside Distilling, Inc., d/b/a Beeline Holdings (the “ Company”) received a letter from the Nasdaq Stock
Market LLC (“ Nasdaq”) notifying the Company that the Company is eligible for an additional 180 calendar day period, or until
August 25, 2025, to regain compliance with the Nasdaq Listing Rule 5550(a)(2) (the “ Rule”). As of the date of the letter,
the Company remained noncompliant with the Rule by failing to maintain a minimum bid price for its common stock of at least $1.00 per
share for 30 consecutive business days. Prior to the recent letter, the Company had received the original notice of noncompliance with
the Rule from Nasdaq wherein the Company had been given until February 25, 2025 to regain compliance.

The
Company expects to effect a reverse stock split if needed to regain compliance with the Rule prior to the expiration of the additional
grace period.

The
letter has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and traded on The
Nasdaq Capital Market, subject to the Company’s compliance with the other continued listing requirements of The Nasdaq Capital
Market.

Item
9.01 Financial Statements and Exhibits