Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 39

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 warrants were exercised on September 6, 2024.

During
the nine months ended September 30, 2024, the Company issued 176 shares of common stock to a director for stock-based compensation of
$2,046 at $11.60 per share. During the nine months ended September 30, 2024, the Company issued 5,574 shares of common stock to employees
and a consultant for stock-based compensation of $0.1 million at $12.10 per share.

During the nine months ended September 30, 2024, the
Company issued dividends of 17,773 shares of common stock at $8.44 per share to its Series B Preferred stockholders.

During 2024, the Company issued a cumulative 75,740 shares of common stock
as a result of conversion of Series C Preferred shares.

    24

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

ELOC
Agreement

On
December 31, 2024, the Company entered into entered into a Common Stock Purchase Agreement and related Registration Rights Agreement
(collectively, the “ELOC Agreement”) with an institutional investor (the “Purchaser”) pursuant to which the Company
agreed to sell, and the Purchaser agreed to purchase, up to $35 million of the Company’s common stock, subject to a sale limit
of 19.99% of the outstanding shares of the Company’s common stock

On
March 7, 2025, the
Company entered into an Amended ELOC Agreement to reduce the maximum amount under the ELOC Agreement from $35 million to $10
million. On September 8, 2025, the Company again amended the ELOC Agreement to increase the commitment amount by $10 million, to
maximum total sales of up to $20 million, and to remove minimum closing price conditions for effecting purchases under the ELOC
Agreement. As a result, the Company may sell up to $12.5 million under the ELOC Agreement (after giving effect to prior sales)
beginning after January 11, 2026, see Note 20 – Subsequent Events. During the nine months ended September 30,
2025, the Company sold and issued a total of 5,694,523
shares of common stock for an aggregate purchase price of $7.5
million to the Purchaser. The