Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 523

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 523
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side and its subsidiaries
entered into a loan agreement (the “Loan Agreement”) between Eastside and Live Oak Banking Company (“Live Oak”),
a North Carolina banking corporation (the “Lender”) to refinance existing debt of Eastside and to provide funding for general
working capital purposes In connection with the Loan Agreement, Eastside issued to the Lender a warrant to purchase up to 500 shares of
the Company’s common stock at an exercise price of $788.00 per share (the “Warrant”). The Warrant expired on January
15, 2025. In connection with the issuance of the Warrant, Eastside granted the Lender piggy-back registration rights with respect to the
shares of common stock issuable upon exercise of the Warrant, subject to certain exceptions.

A summary of all warrant activity as of and for the
year ended December 31, 2024 is presented below:

SUMMARY
OF WARRANT ACTIVITY

    Warrants  
    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