Company: BLNE
Filing Date: 2025-05-01
Form Type: 424B5
Source: 0001641172-25-008111
Chunk: 8

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-01
Form: 424B5
Chunk 8
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 adjustment) for total gross proceeds of up to $7,077,800, which offering was increased from its previous amount of up to $5,037,800 following approval by the Company’s Board on February 27, 2025.

The Series G was initially convertible at $5.10 per share and the warrants were initially exercisable at $6.50 per share. The Series G contains price protection adjustment provisions which reduced their respective conversion to $1.67, which was the lowest sale price as of April 25, 2025 (when the Series G was amended as described below) entered into by the Company since the issuance of the Series G. The related warrants contain price protection adjustment provisions which reduced their respective exercise prices to $1.12, which was the lowest sale price entered into by the Company since the issuance of the warrants as of April 30, 2025. Additionally, the warrants provide for a proportionate increase to the number of shares issuable upon exercise such that the aggregate exercise price remains the same. As a result of these adjustments, the number of shares of common stock underlying the Series G increased from 903,210 shares to 2,758,309 shares, and the number of shares of common stock underlying the warrants increased from 613,706 shares to 3,561,701 shares, resulting in a total increase among the Series G and warrants from 1,516,916 underlying shares to 6,320,010 underlying shares. Of these, Nicholas R. Liuzza, Jr., the Company’s Chief Executive Officer and largest stockholder presently owns 7,641,488 shares of the Series G which as adjusted are convertible into 2,333,629 shares of common stock and 2,217,406 warrants (as adjusted).

The Company amended the Series G on April 25, 2025 with the approval of Mr. Liuzza, as the majority Series G stockholder and of the Company’s Board of Directors to (i) waive the price protection for certain future financings including this offering and any other transactions as the majority holders of Series G may determine, and (ii) eliminate the 4.99% beneficial ownership limitation for Mr. Liuzza since as Chief Executive Officer, a director and 10% stockholder he is already required to file ownership reports with the SEC. This Series G amendment was filed with the Secretary of State of Nevada on April 25, 2025 and the amendment to the price protection was effective upon filing