Company: BLNE
Filing Date: 2025-03-10
Form Type: 424B7
Source: 0001493152-25-009637
Chunk: 5

Company: Beeline Holdings, Inc.
Filing Date: 2025-03-10
Form: 424B7
Chunk 5
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 directors of the Company and Geoffrey Gwin resigned as Chief Executive Officer. Following such resignations, the Board of Directors (the “Board”) appointed Nicholas Liuzza, Jr as Chief Executive Officer and a director and Steve Romano as a director. The committees of the Board now consist of:

Audit Committee

Eric Finnsson, Chairman

Joseph Freedman

Steve Romano

Compensation Committee

Joseph Freedman, Chairman

Eric Finnsson

Steve Romano

| S-6 |

Corporate Governance and Nominating Committee

Joseph Caltabiano, Chairman

Joseph Freedman

Eric Finnsson

Series G and Warrant Offering

On February 27, 2025, the Company increased its offering of Series G Convertible Preferred Stock (“Series G”) and accompanying Warrants to a total of up to 13,878,040 shares of Series G and Warrants to purchase up to 6,939,020 shares of common stock 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. Since the offering of Series G shares and Warrants originally commenced on November 26, 2024, the Company has sold to accredited investors a total of 10,254,416 shares of Series G and Warrants to purchase 5,127,208 shares of common stock for total gross proceeds of $5,054,752. The Company also issued 1,088,720 shares of Series G in transactions outside of the offering. The Company intends to use the net proceeds, after deducting offering expenses and related costs, for working capital and general corporate purposes.

Extension on Nasdaq Bid Price Deficiency

On February 26, 2025, the Company received a letter from Nasdaq notifying the Company that the Company is eligible for an additional 180 calendar day period, or until August 25, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). As of the date of the letter, the Company remained noncompliant with the Rule by failing to maintain a minimum bid price for its common stock of at least $1.00 per share for 30 consecutive business days. Prior to the recent letter, the Company had received the original notice of noncompliance with the Rule from Nasdaq wherein the Company had been given until February 25, 2025 to regain compliance.

The Company expects that