Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 45

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 to 4.99%. The holder of Series G Preferred Stock has no conversion or voting rights prior to stockholder approval of such
actions. In the event of a liquidation of the Company, the holders of Series G Preferred Stock will share in the distribution of the
Company’s net assets on an as-converted basis, subordinate only to the Series B Preferred Stock, Series C Preferred Stock, Series
D Preferred Stock, and Series E Preferred Stock. The conversion of Series G Preferred Stock was approved at a special meeting of stockholders
on March 7, 2025.

On
April 25, 2025, the Company filed with the Nevada Secretary of State a Certificate of Amendment to the Series G Preferred Stock Certificate
of Designations. The Certificate of Amendment provides that (i) the beneficial ownership limitation on conversion set forth in the Certificate
of Designation will not apply to a holder who is otherwise subject to Section 16(a) of the Securities Exchange Act of 1934 by virtue
of being an executive officer or director of Company, and (ii) the anti-dilution price protection adjustment rights with respect to subsequent
offerings or issuances of securities will not apply to an equity line of credit or at-the-market offering facility or as otherwise determined
by the holder(s) of a majority of the Series G Preferred Stock.

During
the nine months ended September 30, 2025, the Company sold 6,417,159 shares of Series G Preferred Stock and five-year5 Warrants to purchase
a total of 320,862 shares of common stock for total gross proceeds of $3.3 million. The Company incurred offering costs of $6,270 related
to the offering. In addition, the Company’s Chief Executive Officer converted his $0.7 million bridge loan into $0.7 million of
units comprised of 1,372,549 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 68,628 shares of common
stock.

    27

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

On
March 25, 2025 (“the trigger date”), the Company sold common shares under the ELOC Agreement at $1.67 per share, which was
less than the Series G Preferred Stock original conversion price of $5.10 per share, resulting in the reduction of the conversion price
of the Series G Preferred Stock