Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1332

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 1332
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 proposals, among others:

1. Merger Share
Issuance - conversion, exercise and voting rights and issuances of shares of common stock underlying convertible securities in
connection with the Merger and the issuance of 1,686,360 shares of common stock issuable upon conversion of Series G Preferred Stock
and exercise of warrants issued or issuable primarily in financing transactions after the Merger.

2.
Equity Line of Credit - the ELOC transaction pursuant to issue and sell up to $20
million of common stock to the purchaser or up to 3,921,569
shares of common stock which assumes the sale of common stock at $5.10
per share.

3. Name Change
Proposal - an amendment to the Company’s Articles of Incorporation to change the name of the Company to Beeline
Holdings, Inc.

Notes Payable

The Company is in current discussions with a lender
to repay the note payable that was due December 31, 2024 for an additional six months.

The Company is in current discussions with a lender
to repay the note payable that was due June 21, 2024. Subsequent to the year ended December 31, 2024, the Company paid $25,000 of principal
on the note payable. The principal balance as of March 31, 2025 was $0.3 million.

Notes Payable – Related Parties

On February 17, 2025, the Company’s Chief
Executive Officer increased his ownership of the Company’s securities by converting his $0.7
million bridge loan into $0.7
million of units comprised of 1,372,549
shares of Series G Preferred Stock and five-year5 Warrants to purchase a total of 68,628
shares.

The
Company issued a note to a private company in which Mr. Freedman has an ownership interest. This note was for $0.1
million and was repaid in January 2025. In addition, Mr. Freedman purchased 238,418
shares of Series G Preferred Stock and five-year5
Warrants to purchase a total of 11,921
shares of common stock for $0.1 million in January 2025.

Secured Credit
Facilities

In March 2025, the Company and certain of the holders agreed to an extension
of the maturity date to April 14, 2025 in exchange for an increase to the principal of the notes by 10%, and