Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 50

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 their Notes for the shares of
common stock of Bridgetown Spirits held by the Company. If such exchange option is selected by the lenders, the Company additionally agreed to pay 50%
of the current salary of Bridgetown Spirits’ Chief Executive Officer for a 60-day period beginning May 26, 2025.

Stockholders’
Equity 

ATM Agreement

On
April 30, 2025, the Company entered into an At The Market Offering Agreement (the “ATM Agreement”) with Ladenburg Thalmann
& Co., Inc., pursuant to which the Company may issue and sell over time and from time to time, to or through Ladenburg, up to $7.0
million of shares of the Company’s common stock. During
May 2025, the Company sold 22,295
shares at a weighted average of $1.37
per share for gross proceeds of $30,542.

ELOC
Agreement

Subsequent
to March 2025, the Company sold and issued a total of 912,644 shares of common stock for an aggregate purchase price of $1.0 million
to the Purchaser.

Series
D Preferred Stock

Subsequent
to March 2025, 66,666 shares of Series D Preferred Stock were converted into 266,666 shares of common stock.

Series
G Preferred Stock and Warrants

Subsequent
to March 31, 2025, 400,000
shares of Series G Preferred Stock were converted into 40,000
shares of common stock. However, due to price protection provisions applicable to the Series G Preferred Stock, the Company may be
required to issue up to an additional 82,158
common shares.

On April 25, 2025, the Company filed with the Nevada
Secretary of State a Certificate of Amendment to the Series G Preferred Stock Certificate of Designations. The Certificate of Amendment
provides that (i) the beneficial ownership limitation on conversion set forth in the Certificate of Designation will not apply to a holder
who is otherwise subject to Section 16(a) of the Securities Exchange Act of 1934 by virtue of being an executive officer or director of
Company, and (ii) the anti-dilution price protection adjustment rights with respect to subsequent offerings or issuances of securities
will not apply to an equity line of credit or at-the-market offering facility or as otherwise determined by the holder(s) of a majority
of the Series G