Company: BLNE
Filing Date: 2025-04-14
Form Type: 424B7
Source: 0001641172-25-003933
Chunk: 6

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-14
Form: 424B7
Chunk 6
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 5% or $22,000                            |     | $ |                464,000 |
| May 14, 2025 or later         |     | 30% of the original principal amount, or 
 $120,000                                 |     | $ |                560,000 |

If, however, the required free trading shares are not issued by the Share Deadline, the maturity date of the Notes shall be April 18, 2025 and the principal of each Note shall increase by 10% to $484,000.

Approval of Initial Listing Application

On March 5, 2025, the Company received a letter from The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that Nasdaq has approved its application for listing of the Company’s common stock on The Nasdaq Capital Market, which was submitted by the Company in connection with its Merger with Beeline. Although the Company’s common stock is currently listed on The Nasdaq Capital Market, the Merger required the Company to file an initial listing application due to the change of control, which occurred at the special meeting of stockholders described below.

Stockholder Approvals at Special Meeting

On March 7, 2025, the Company held its special meeting of stockholders at which the stockholders voted to approve (i) the conversions, exercises and voting rights of securities issued in and following the Merger, (ii) sales under the ELOC in an amount of up to $20 million; (iii) a change of the Company’s name to “Beeline Holdings, Inc.” and (iv) ratification of Salberg & Company, P.A. as the Company’s auditor.

Conversions of Preferred Stock

Beginning on March 7, 2025, following stockholder approval of the Merger and conversion of shares of preferred stock issued in and following the Merger at the special meeting, holders of the Company’s Series F Convertible Preferred Stock, Series F-1 Convertible Preferred Stock, and Series G Convertible Preferred Stock converted certain of their preferred shares into shares of common stock. As a result of these conversions, there are now 7,829,812 shares of common stock issued and outstanding, and Nicholas Liuzza, Jr. the Chief Executive Officer of the Company, beneficially owns 1,880,522 of the outstanding shares of common stock representing 23.5% of the outstanding voting power. He also holds shares of Series G convertible into 764,149 shares of common stock and