Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 142

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 142
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%.                                                             
 The Beneficial Ownership Limitation may be increased to 19.99%                                                                        
 by the holder upon 61 days advance notice to the Company.                                                                             |
| ● | Upon                                                                                                                                  
 the liquidation, dissolution and winding up of the Company, or upon the effective date of a consolidation, merger or statutory share  
 exchange in which the Company is not the surviving entity, the holder of each share of the Series C Preferred Stock shall be entitled 
 to a distribution prior to and in preference of the holders of the common stock.                                                      |
| ● | In                                                                                                                                    
 the event the                                                                                                                         
 Company declares a dividend payable in cash or stock to holders of any class of stock, the holder of each share of Series C Preferred 
 Stock shall be entitled to receive a dividend equal in amount and kind to that payable to the holder of the number of shares of the   
 Company’s common stock into which that holder’s Series C Preferred Stock could be converted on the record date for the                
 distribution common stock. The dividends issued                                                                                       
 on the Company s outstanding Series B Preferred Stock are excluded from this provision.                                               |
| ● | The                                                                                                                                   
 holders                                                                                                                               
 of Series C Preferred Stock shall have no voting rights; except that nothing will limit a holder’s voting rights with respect         
 to shares of any other class of the Company’s common stock held from time to time.                                                    |

| F-24 |

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2023

Issuance of Common Stock

During the year ended December 31, 2023, the Company issued 162,849shares of common stock to directors and employees for stock-based compensation of $ 0.7million. The shares were valued for accounting purposes using the closing share price of the Company’s common stock on the date of grant, within the range of $ 1.29to $ 7.40per share and issued within the range of $ 3.05to $ 7.40per share

During the year ended December 31, 2023, the Company sold 343,495shares of common stock for net proceeds of $ 1.4million in at-the-market public placements.

On September 29, 2023, pursuant to the DSA (see discussion above), the Company issued to the SPV 296,722shares of common stock and 200,000shares of its Series C Preferred Stock. In exchange for that