Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 312

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 312
---
    Weighted-Average Remaining Life (Years)  
    Weighted-Average Exercise Price  
    Aggregate Intrinsic Value (in millions) 
  
    Outstanding as of December 31, 2022 
     20,167  
     3.8  
    $348.70  
    $- 
  
    Outstanding as of December 31, 2023 
     20,167  
     3.8  
    348.70  
    - 
  
    Granted 
     414,494  
     4.6  
     18.90  
     1.0 
  
    Forfeited and cancelled 
     (119,605) 
     4.3  
     50.00  
     - 
  
    Outstanding as of December 31, 2024 
     315,056  
     4.6  
    $28.20  
    $1.0 

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. See Note 25 – Subsequent Events for an amendment.

Beeline Warrants

In the Merger Agreement, the Company agreed to assume
58,680 outstanding Beeline warrants with an exercise price of $23.12 per share. The new warrants have not been issued as of April 15,
2025. 

20. COMMITMENTS AND CONTINGENCIES

Legal Matters

On March 1, 2023, Sandstrom
Partners, Inc. filed a complaint in the Circuit Court of the State of Oregon for the County of Multnomah alleging the Company failed
to pay for its services pursuant to an agreement entered into on October 16, 2019. The complaint sought damages of $245,000,
plus a judicial declaration, due to Eastside’s failure to pay for the services. Eastside believes that it paid for services
rendered. On October 28, 2024, Eastside signed a term sheet