Company: BLNE
Filing Date: 2025-10-21
Form Type: S-1
Source: 0001493152-25-018826
Chunk: 46

Company: Beeline Holdings, Inc.
Filing Date: 2025-10-21
Form: S-1
Chunk 46
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 Jr., the principal shareholder of the Company and Chief Executive Officer of the Company’s wholly-owned subsidiary, Beeline Financial Holdings, Inc. increased his ownership of the Company’s securities by converting a $700,000 bridge loan into $700,000 of units comprised of 1,372,549 shares of Series G and five-year Warrants to purchase a total of 68,628 shares. The offers and sales of the units were exempt from registration Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) promulgated thereunder.

In transactions from March 10 through July 23, 2025, the Company sold and issued a total of 5,694,515 shares of common stock for an aggregate purchase price of $7,500,000 to C/M under the initial Purchase Agreement dated March 7, 2025. The offers and sales under the ELOC Agreement are exempt from registration under the Securities Act of 1933 pursuant to Section 4(a)(2) thereof and Rule 506(b) promulgated thereunder.

On April 25, 2025, the Board of Directors approved a grant of 10,000 shares of the Company’s common stock to of Geoffrey Gwin, the Company’s former Chief Executive Officer and the current President of Bridgetown Spirits Corp., the Company’s subsidiary. The grant was made in connection with Mr. Gwin’s resignation from the role of Chief Executive Officer on March 7, 2025, and an Amendment to his Executive Employment Agreement, which was entered into on October 7, 2024. The transaction was exempt from registration Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) promulgated thereunder. In addition, on October 15, 2024, the Company issued 18,000 shares of common stock to Mr. Gwin at $5.00 per share in satisfaction of a bonus obligation and issued 40,000 shares of common stock. The grants did not involve a sale as defined by the Securities Act of 1933.

On May 28, 2025, the Company issued Mr. Liuzza, Jr., a subordinated demand promissory note of $372,241. The subordinated promissory note included $250,000 lent to the Company by an unaffiliated third party which sum Mr. Liuzza personally paid on behalf of the Company. The subordinated promissory note