Company: BLNE
Filing Date: 2025-08-18
Form Type: DEF 14A
Source: 0001641172-25-024627
Chunk: 40

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-18
Form: DEF 14A
Chunk 40
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 equity line of credit facility and at-the market offering and any other transaction which the holders of a majority of the Series G determine will not trigger an adjustment. Nicholas R. Liuzza, Jr., our Chief Executive Officer, a director and principal stockholder, holds 7,641,488 shares of Series G representing a majority of the outstanding shares of Series G, and as a result we do not expect further adjustments to the Series G for as long he continues to hold a majority of such outstanding shares even though the Company has sold Common Stock at lower prices.

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Warrant Terms

The Warrants were originally exercisable at an exercise price of $6.50 per share, subject to adjustment as provided therein including in the event of an issuance of Common Stock or Common Stock equivalents at a price per share that is less than the exercise price. In such an event, the exercise price is reduced to such lower price per share, and the number of shares of Common Stock issuable upon exercise is increased accordingly such that the aggregate exercise price remains unchanged. The Warrants were also adjusted by virtue of these adjustment provisions and the subsequent lower priced sales of Common Stock under the equity line of credit facility, resulting in the exercise price being reduced to $0.66 and the number of shares issuable upon exercise increasing from 613,706 shares to 6,044,174 shares.

Interests of Certain Parties

Nicholas R. Liuzza, Jr., the Company’s Chief Executive Officer, director and principal stockholder, holds 7,641,488 shares of Series G and Warrants to purchase 3,762,870 shares of Common Stock (giving effect the adjustments to which Proposal 3 relates), and therefore has an interest in this proposal and the matters described herein.

Joseph Freedman, a director of the Company, holds Warrants to purchase 117,404 shares of Common Stock (giving effect the adjustments to which Proposal 3 relates), and therefore also has an interest in this proposal and the matters described herein.

Reasons Stockholder Approval is Required

Our Common Stock is listed on The Nasdaq Capital Market under the symbol “BLNE,” and we are therefore subject to Nasdaq rules. Nasdaq Rule 5635(d) requires stockholder approval prior to the issuance of Common Stock in a non-public offering at a price per share that is less than the lower of: (i) the official closing price of the Common Stock immediately preceding the signing of the binding agreement therefor; or (ii)