Company: BLNE
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001493152-25-023493
Chunk: 20

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 424B3
Chunk 20
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 and Beeline Financial) C/M has not had any material relationship with us within the past three years, except for an affiliate’s lending money to us (and prior to October 7, 2024 to Beeline Financial). Those loans to Beeline Financial were exchanged for Beeline preferred stock which resulted in the issuance of the Series F Convertible Preferred Stock and Series F-1 Convertible Preferred Stock, (the “Series F”) in the October 7, 2024 Merger. In addition, an affiliate of C/M purchased $150,000 in the Series G offering on December 31, 2024.

On November 14, 2024, two affiliates of C/M were the lead investors in a $1,938,000 offering of Secured Notes due March 14, 2025. As part of the Secured Note loans, the affiliates lent us $448,333 and received 10,094 Pre-funded Warrants, subject to adjustment. In addition, on November 14, 2024, the one affiliate exchanged $448,333 of stated value of Series F for a $448,333 Secured Note due originally on March 14, 2025 which was substantially identical to the other Secured Notes sold to other investors except its security interest was subordinated to the lenders of $1,938,000. C/M’s affiliates’ Notes were extended in exchange for a 10% increase to the principal.

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By letter agreement dated April 14, 2025, the Company agreed to extend the Secured Notes held by two affiliates of C/M to May 14, 2025 and agreed that if paid off after April 29 thbut on or prior to May 13, 2025 an additional 5% would be due. On May 12, 2025, the Company entered into a letter agreement with the two affiliates of C/M. The Company agreed to extend the Maturity Date of the Secured Notes to August 14, 2025. On June 26, 2025, the Company amended $986,333 of the Secured Notes by making them into convertible common stock at $1.32 per share. The Secured Notes were later converted to common stock.

On May 13, 2025, a third affiliate of C/M lent the Company $250,000 in exchange for a $250,000 Promissory Note due July 13, 2025. This note was subsequently repaid.