Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 42

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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, the
Company accrued $0.1
million of preferred dividends. During the nine months ended September 30, 2024, the Company issued dividends of 17,773 shares of common stock at
$8.44 per share to its Series B Preferred stockholders.

Issuance
of Series C Preferred Stock

In
January 2025, the Certificate of Designation was withdrawn for the Series C Preferred Stock.

Issuance
of Series D Preferred Stock

Each
share of Series D Preferred Stock has a stated value of $10.00 and is convertible into shares of the Company’s common stock pursuant
to the terms and conditions set forth in a Certificate of Designation establishing Series D Preferred Stock with an initial conversion
price of $18.00 per share. Each share of Series D Preferred Stock is convertible into common stock by a conversion ratio equal to the
stated value of the Series D Preferred Stock share divided by the Series D Preferred Stock conversion price. In the event that the Company
declares a dividend payable in cash or stock to holders of any class of the Company’s stock (including the Series B Preferred Stock),
the holder of a share of Series D Preferred Stock will be entitled to receive an equivalent dividend on an as-converted basis. In the
event of a liquidation of the Company, the holders of Series D Preferred Stock will share in the distribution of the Company’s
net assets on an as-converted basis equally with the Series C Preferred Stock and Series E Preferred Stock, subordinate only to the senior
position of the Series B Preferred Stock. The number of shares of common stock into which a holder may convert Series D Preferred Stock
is limited by a beneficial ownership limitation of 9.99%. The Series D Preferred Stock conversion price and the floor price will be subject
to equitable adjustment in the event of stock splits, reverse splits and similar events. The Series D Preferred Stock is non-voting.

During
the nine months ended September 30, 2025, 255,474 shares of Series D Preferred Stock were converted into 371,559 shares of common stock.

Issuance
of Series E Preferred Stock

Each
share of Series E Preferred Stock has a stated value of $10.00 and is convertible into shares of the Company’s common stock pursuant
to the terms and conditions set forth in a Certificate of Designation establishing Series E Preferred Stock with an initial conversion
price of $20.00, subject to an automatic adjustment on October 31,