Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 302

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 302
---
 common stock on the date of grant, within the range of $12.90
to $74.00 per share and issued within the range of $30.50 to $74.00 per share

    F-30

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

During the year ended December 31, 2023, the Company
sold 34,350 shares of common stock for net proceeds of $1.4 million in at-the-market public placements.

On September 29, 2023, pursuant to the DSA (see discussion
above), the Company issued to the SPV 29,672 shares of common stock and 200,000 shares of its Series C Preferred Stock. In exchange for
that equity, Eastside’s debts to the members of the SPV were reduced by a total of $6.5 million.

Preferred Stock

The Company has 100 million shares of preferred stock authorized.

Issuance of Series B Preferred Stock

On October 19, 2021, Company
entered into a securities purchase agreement (“Purchase Agreement”) with an accredited investor for its purchase of 2.5 million shares (“Preferred Shares”) of Series B Convertible Preferred Stock (“Series B Preferred
Stock”) at a purchase price of $1.00 per Preferred Share, which Preferred Shares are convertible into shares of the Company’s
common stock pursuant to the terms and conditions set forth in a Certificate of Designation Establishing Series B Preferred Stock of Eastside
with an initial conversion price of $620.00 per share. 4,250 shares of common stock were reserved for issuance in the event of conversion
of the Preferred Shares. The holder of Series B has voting rights on an as-converted basis.

The Series B Preferred Stock accrues dividends at
a rate of 6% per annum, payable annually on the last day of December of each year. Dividends shall accrue from day to day, whether or
not declared, and shall be cumulative. Dividends are payable at Eastside’s option either in cash or “in kind” in shares
of common stock; provided, however that dividends may only be paid in cash following the fiscal year in which Eastside has net income
(as shown in its audited financial statements contained in its Annual Report on Form 10-K for such year) of at least $0.5 million. For
“in-kind” dividends, holders will receive