Company: BLNE
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001493152-25-006946
Chunk: 1

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 3.02
Chunk 1
---
Item
3.02. Recent Sales of Unregistered Securities

Mr.
Nicholas Liuzza, Jr., the principal shareholder of Eastside Distilling, Inc., d/b/a Beeline Holdings (the “ Company”) and
Chief Executive Officer of the Company’s wholly-owned subsidiary, Beeline Financial Holdings, Inc. increased his ownership of the
Company’s securities by purchasing $655,000 of Series G Convertible Preferred Stock (“ Series G”) and five-year Warrants
to purchase 642,157 shares of the Company’s Common Stock. The Series G is convertible into 1,284, 314 shares of Common Stock.

In
addition, upon receipt of Audit Committee approval, Mr. Liuzza plans to convert his $700,000 bridge loan into additional Series G and
Warrants.

The
Company intends to use the net proceeds, after deducting offering expenses and related costs, for working capital and general corporate
purposes.

The
offer and sale of the units were exempt from registration Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) promulgated thereunder.

The
foregoing description of the terms of the Series G, the Warrants, the Securities Purchase Agreement, the Registration Rights Agreement
and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the forms
of the Series G, the form of Warrant, the form of Securities Purchase Agreement, and the form of Registration Rights Agreement, copies
of which are filed or incorporated by reference as Exhibits 3(a)(1), 3(a)(2), 4(a), 10(a) and 10(b), respectively, to the Form 8-K filed
on December 3, 2024 and are incorporated herein by reference.

Item
9.01 Financial Statements and Exhibits