Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 43

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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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. Each share of Series E Preferred Stock is convertible into common stock by
a conversion ratio equal to the stated value of the Series E Preferred Stock share divided by the Series E Preferred Stock conversion
price. 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 certain lenders, and they released the Company from liability for $2.0 million of unsecured debt.

    26

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

Issuance
of Series F and F-1 Preferred Stock

Each
share of Series F and F-1 Preferred Stock has a stated value of $0.50 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 F and F-1 Preferred Stock with an
initial conversion price of $5.00 per share. Each share of Series F and F-1 Preferred Stock is convertible into common stock by a conversion
ratio equal to the stated value of the Series F and F-1 Preferred Stock share divided by the Series F and F-1 Preferred Stock conversion
price. The number of shares of Common Stock into which a holder may convert Series F and F-1 Preferred Stock is 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 ownership limitation does not, however, apply to holders who are subject
to Section 16 of the Exchange Act by virtue of being an executive