Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 153

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 153
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 agreed to exercise for cash their Existing Warrants to purchase the 45,000Warrant Shares in exchange for the Company’s agreement to issue new warrants (the “New Warrants”) to purchase up to 45,000shares of common stock (the “New Warrant Shares”). The New Warrants have substantially the same terms as the Existing Warrants, except that the New Warrants have an exercise price of $60.00per share and are exercisable until August 19, 2026. On September 29, 2023, pursuant to the Debt Satisfaction Agreement ( see above), the exercise price of the Existing Warrants was reduced to $33.08per share and the term during which the Existing Warrants may be exercised was extended to June 23, 2028.

On January 15, 2020, the Company and its subsidiaries entered into a loan agreement (the “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,