Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 426

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 426
---
,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 two lenders were each paid
their principal balance plus 2.5% interest of $0.3 million.

On April 14, 2025, the Company and the remaining Note holders entered into
an agreement for a second extension of the maturity dates of the Notes held by such holders to May 14, 2025. The terms of the recent extension
are as follows: (i) if the Notes are paid off on or before April 29, 2025, then there will be no additional principal payment required;
and (ii) if the principal of the applicable Notes are not paid off on or before April 29, 2025 but are paid on or before May 13, 2025,
then an additional payment in an amount equal to 5% of the outstanding principal of the applicable Notes will be due.

Stockholders’ Equity 

In
February 2025, the Company issued Sandstrom Partners 13,115
shares of common stock related to the settlement agreed upon
in October 2024.

Common
Stock

On March 12, 2025, the Company implemented a one-for-10
reverse stock split of its common stock and issued eight shares of common stock as a result of rounding.

ELOC Agreement

On
March 7, 2025, the Company entered into an Amended ELOC Agreement. The amendment restated the original ELOC Agreement originally entered
into on December 31, 2024 to, among other things, (i) reduce the maximum amount under the ELOC Agreement from $35 million to $10 million,
and (ii) extend the filing deadline for the registration statement required under the ELOC Agreement to 30 days following the filing
of the Company’s Annual Report on Form