Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 410

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 410
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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, 2025 equal to the average of the VWAPs for the five trading days immediately preceding the Measurement Date (390 days
after the closing under the Debt Exchange Agreement), subject to a “Floor Price” of $2.50
per share. The Series E 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 number of shares of common stock into which a holder may convert Series E
Preferred Stock is limited by a beneficial ownership limitation, which restricts the number of shares of common stock that the
holder and its affiliates may beneficially own after the conversion to 9.99%. The Series E Preferred Stock is non-voting.

Pursuant to the terms of the Debt Exchange Agreement on October 7, 2024, the Company issued
a total of 200,000 shares of Series E Preferred Stock to Bigger and District 2, and they released Eastside from liability for $2.0 million
of unsecured debt. See Note 5 – Debt Exchange Agreement.

Issuance of Series F and F-1 Preferred Stock

The Merger that closed on October 7,
2024, was structured as an all-stock transaction. The stockholders of Beeline Financial received 69,482,229
million preferred shares of Series F and 517,775
million preferred shares of Series F-1. Each share of Series F and F-1 Preferred Stock has a stated value of $0.50
and is convertible only upon shareholder approval into shares of the Company’s common stock pursuant to the terms and conditions
set forth in a Certificate of Designation establishing Series F and F-1 Preferred Stock with an initial conversion price of $5.00
per share. The number of shares of Common Stock into which a holder may convert Series F and F-1 Preferred Stock will be limited by a
beneficial ownership limitation, which restricts the number of shares of the Company’s common stock that the holder and its affiliates
may beneficially own after the conversion to 4.99%. That beneficial