Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 16

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 16
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 rights for which shareholder approval is being sought under Proposals 1 and 2. In addition, most of the securities contain beneficial ownership limitations, as well as adjustment provisions which could result in an increase in the shares of common stock underlying such securities, subject in the case of the ELOC Share Issuance to the ELOC limit discussed in the above paragraph. See “Subsequent Transactions and Subsequent Securities” under Proposal 1 beginning at page 41 and “Principal Shareholders” beginning at page 51 for more information. It is estimated that the number of shares of common stock issuable under Proposal 1 is as follows:

| ● | Series                        
 F and F-1 - 70,000,000 shares |

| ● | Note                      
 Warrants - 363,602 shares |

| ● | Series                
 G - 11,000,000 shares |

| ● | G                           
 Warrants - 5,500,000 shares |

| ● | Options                                             
 to former Beeline option holders - 3,878,847 shares |

| ● | Warrants                                                                                            
 to former Beeline warrant holders 287,094 shares (however, because the warrants will be exercisable 
 at an exercise price of $4.72 per share and expire in October 2026, we do not expect any            
 of these warrants will be exercised before their expiration).                                       |

The above estimates assume we do not issue common stock or other securities at quantities and at a per-share price which triggers price protection and adjustment provisions of the Securities. For example, the special adjustment provision provided for under the Series F and F-1 could result in the issuance of up to an additional 70 million shares. Thus, we estimate that, without giving effect to any anti-dilution provisions in the above securities, 90,633,922 shares of common stock will be issued or issuable under the securities listed above assuming shareholder approval of Proposal 1. As noted above, the estimated maximum number of shares we may issue if Proposal 2 (the ELOC Proposal) is approved is 39,215,686. We currently have authorized common stock of 6,000,000 shares, of which 4,689,503 shares are outstanding as of January 23, 2025 and the balance of our shares are reserved for conversion of outstanding preferred stock including the Series B and D and the securities to which Proposal 1 relates. We believe that depending upon the size of our reverse split and the outcome of a special shareholders meeting scheduled for