Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 64

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 64
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 adjustment provision provided for under the Series F and F-1 could result in the issuance of up to an additional 70 million shares.

(1) Assumes the maximum amount of Series G and G Warrants are sold in that offering,

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As stated above, if our shareholders approve Proposal 2 and we have sufficient authorized common stock, under the ELOC we expect we can issue up to 39,215,686 shares of common stock using the $0.51 price as the absolute minimum floor for issuances under the ELOC. Whatever number we issue under the ELOC will dilute our common shareholders including those as of the Record Date and subsequent shares issued.

Because securities are in most cases convertible or exercisability at the discretion of the respective holders thereof, and are subject to certain adjustment provisions as particularly set forth in the forms of each applicable security (which are included as the Annexes which shareholders are encouraged to review), the Company cannot predict with certainty the timing or quantity for the issuances of shares of common stock we will issue . The foregoing are estimated percentages of shares of Eastside common stock to be issued and outstanding and do not give effect to potential increases in the number of shares of common stock underlying the securities based on anti-dilution adjustment provisions set forth therein. In addition, because the ELOC Agreement contemplates the sale of up to $20 million of shares of common stock based on a formula tied to the market price and trading of our common stock as of applicable dates of determination, we believe that the maximum number of shares issuable under the ELOC Agreement will be 39,215,686 shares.

Because shareholders are being asked to approve all issuances of common stock under Proposals 1 and 2 in excess of 745,752 shares, which represents 19.99% of the shares of common stock outstanding as of October 7, 2024, and for the reasons outlined above, if the shareholders vote to approve Proposals 1 and 2, they will approve all shares of common stock as provided in the tables above.

Security Ownership of Certain Beneficial Owners and Management before and after the Share Issuances

The following table sets forth certain information as of January 23, 2025 with respect to the beneficial ownership of our common stock by (i) each shareholder known by us to be the beneficial owner of more than 5% of our common stock, (ii) by each of our current directors and executive officers as identified herein, and (iii) all of