Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 158

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 158
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the Company’s common stock at an exercise price of $788.00 per share (the “Warrant”). The Warrant expired on January
15, 2025. In connection with the issuance of the Warrant, Eastside granted the Lender piggy-back registration rights with respect to the
shares of common stock issuable upon exercise of the Warrant, subject to certain exceptions.

A summary of all warrant activity as of and for the
year ended December 31, 2024 is presented below:

SUMMARY
OF WARRANT ACTIVITY

    Warrants  
    Weighted-Average Remaining Life (Years)  
    Weighted-Average Exercise Price  
    Aggregate Intrinsic Value (in millions) 
  
    Outstanding as of December 31, 2022 
     20,167  
     3.8  
    $348.70  
    $- 
  
    Outstanding as of December 31, 2023 
     20,167  
     3.8  
    348.70  
    - 
  
    Granted 
     414,494  
     4.6  
     18.90  
     1.0 
  
    Forfeited and cancelled 
     (119,605) 
     4.3  
     50.00  
     - 
  
    Outstanding as of December 31, 2024 
     315,056  
     4.6  
    $28.20  
    $1.0 

ELOC Agreement

On December 31, 2024, the
Company entered into entered into a Common Stock Purchase Agreement and related Registration Rights Agreement (collectively, the “ELOC
Agreement”) with an institutional investor (the “Purchaser”) pursuant to which the Company agreed to sell, and the
Purchaser agreed to purchase, up to $35
million of the Company’s common stock, subject to a sale limit of 19.99% of the outstanding shares of the Company’s
common stock. See Note 25 – Subsequent Events for an amendment.

Beeline Warrants

In the Merger Agreement, the Company agreed to assume
58,680 outstanding Beeline warrants with an exercise price of $23.12 per share. The new warrants have not been issued as of April 15,
2025. 

20. COMMITMENTS AND CONTINGENCIES

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