Company: BLNE
Filing Date: 2025-10-21
Form Type: S-1
Source: 0001493152-25-018826
Chunk: 32

Company: Beeline Holdings, Inc.
Filing Date: 2025-10-21
Form: S-1
Chunk 32
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 divided by the Series D conversion price. The Series D conversion price is $18.00 per share of common stock.

Series E

Each share of Series E has a stated value of $10.00 and is convertible into shares of the Company’s common stock at an initial conversion price of $20.00, subject to an automatic adjustment on October 31, 2025 as described below. The Series E is non-voting. In the event that Beeline declares a dividend payable in cash or stock to holders of any class of Beeline’s stock (including the Series B), the holder of a share of Series E will be entitled to receive an equivalent dividend on an as-converted basis. In the event of a liquidation of Beeline, the holders of Series E will share in the distribution of Beeline’s net assets on an as-converted basis together with the holders of the Series D, subordinate only to the senior position of the Series B.

Commencing 390 days after October 7, 2024, or October 31, 2025 (the “Measurement Date”), each share of Series E will be convertible into common stock by a conversion ratio equal to the stated value of the Series E share divided by the Series E conversion price. The Series E conversion price on and after the Measurement Date will equal the average of the VWAP for the five trading days immediately preceding the Measurement Date, subject to a floor price of $2.50 per share. The Series E conversion price and the floor price will be subject to equitable adjustment in the event of stock splits, reverse splits and similar events. The number of shares of common stock into which a holder may convert Series E is limited by a beneficial ownership limitation of 9.99%.

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Series F

Each share of Series F has a stated value of $0.50. The Series F was issued to the former Beeline Financial stockholders in the Merger. In the event of a liquidation of Beeline, the holders of Series F will share in the distribution of Beeline’s net assets on an as-converted basis, subordinate only to the Series B, Series D and Series E.

Each share of Series F is convertible into common stock by a conversion ratio equal to the stated value of the Series F share divided by the Series F conversion price. The initial Series F conversion price is $5.00 per share (or on a one-to-one share basis), subject to adjustment as provided therein including a floor price of 20% of the