Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 183

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 183
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 299,011shares. The Company recorded debt issuance costs of $0.3million as of September 30, 2024.

The estimated fair value of the new warrants issued was based on a combination of closing market trading price on the date of issuance for the public offering warrants, and the Black-Scholes option-pricing model, using the assumptions below:

Schedule of Fair Value of Warrants

| Volatility           
 Risk-free            
 interest rate        
 Expected             
 term (in years)      
 Expected             
 dividend yield       |     |   |  100 
  4.4 
  5.0 
    - | % 
 % |
|:---------------------|:----|:--|-----:|:--|
| Fair value of common 
 stock                |     | $ | 0.55 |   |

On March 21, 2022, the Company entered into a promissory note with TQLA LLC to accept a one year loan of $3.5million. In addition, the Company issued a common stock purchase warrant to TQLA covering the loan amount with an exercise price of $24.00per share. The note payable was fully repaid in October 2022. The common stock purchase warrant expires in March 2027. The warrants were amended pursuant to the Debt Satisfaction Agreement (See discussion above)to prevent any exercise that would result in the warrant-holder and affiliates acquiring cumulative voting power in excess of 9.99%. This Beneficial Ownership Limitation may be increased to 19.99% upon 61 days advance notice to the Company.

From April 19, 2021 through May 12, 2021, the Company issued in a private placement Existing Warrants to purchase up to 45,000shares of common stock at an exercise price of $52.00per Warrant Share. On July 30, 2021, the Company entered into Inducement Letters with the holders of the Existing Warrants whereby such holders 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