Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 140

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 140
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 of Series C Preferred Stock shall have no voting rights; except that nothing will limit a holder’s voting rights with respect         
 to shares of any other class of the Company’s common stock held from time to time.                                                    |

| F-24 |

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2023

Issuance of Common Stock

During the year ended December 31, 2023, the Company issued 162,849shares of common stock to directors and employees for stock-based compensation of $ 0.7million. The shares were valued for accounting purposes using the closing share price of the Company’s common stock on the date of grant, within the range of $ 1.29to $ 7.40per share and issued within the range of $ 3.05to $ 7.40per share

During the year ended December 31, 2023, the Company sold 343,495shares of common stock for net proceeds of $ 1.4million in at-the-market public placements.

On September 29, 2023, pursuant to the DSA (see discussion above), the Company issued to the SPV 296,722shares of common stock and 200,000shares of its Series C Preferred Stock. In exchange for that equity, the Company’s debts to the members of the SPV were reduced by a total of $ 6.5million.

During the year ended December 31, 2022, the Company issued 19,265shares of common stock to directors and 4,808shares of its common stock to each of the Subscribers of the 6% Secured Convertible Promissory Notes for stock-based compensation of $ 0.3million These shares were valued using the closing share price of the Company’s common stock on the date of grant, within the range of $ 5.60to $ 19.20per share.

On April 5, 2022, the Company sold 10,000shares of common stock to its Chief Executive Officer for proceeds of $ 0.2million based on the market price of the stock at that date.

On February 4, 2022, 8,500shares were issued at $ 24.20per share to the Company’s former Chief Executive Officer pursuant to his separation agreement for stock-based compensation of $ 0.2million.

Issuance of Series B Preferred Stock