Company: BLNE
Filing Date: 2025-04-14
Form Type: 424B7
Source: 0001641172-25-003933
Chunk: 5

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-14
Form: 424B7
Chunk 5
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, vodka, rum and tequila, under recognized brands in 30 U.S. states. Spirits sells its products on a wholesale basis to distributors through open states, and brokers in control states.

Recent Developments

November 2024 Notes and Extensions

On November 14, 2024, the Company sold $1,938,000 of principal amount of senior secured notes (the “Notes”) and warrants to purchase 363,602 shares of common stock for gross proceeds of $1,615,000. Each selling stockholder received a $400,000 Note. In March 2025, the Company and the selling stockholders extended the maturity date of their Notes from March 14, 2025 to April 14, 2025 in exchange for an increase to the principal of the Notes by 10% or to $440,000 for each Note.

In connection with the closing on November 14, 2024, the selling stockholders each executed a Side Letter with the Company, each providing that a number of shares of Series D equal to $333,333.33 of the stated value of the Series D shall be eligible for conversion into shares of the Company’s common stock beginning on April 7, 2025, at a conversion price equal to the lower of (i) $5.00 per share; or (ii) the five-day volume weighted average price ending on April 7, 2025, subject to a floor price of $2.50 per share.

| S-4 |

On April 14, 2025, the Company and each selling stockholder agreed to a second extension of the maturity dates of the Notes held by the selling stockholders to May 14, 2025, if by 4:00 pm Eastern Time on April 14, 2025 each selling stockholder is issued 133,333 shares of common stock without any restrictive legends (the “Share Deadline”). Assuming this condition is met, the Notes may be paid as follows:

| Payment                       
 Date                          |     | Increase                                 
 in each Note                             |     |   |                  Total 
 of each Note Principal |
|:------------------------------|:----|:-----------------------------------------|:----|:--|-----------------------:|
| April 14, 2025 – April        
 28, 2025                      |     | No increase                              |     | $ |                440,000 |
| April 29, 2025 - May 13, 2025 |     |