Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 7

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 7
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 accredited investor (the “Purchaser”) pursuant to which the Company agreed to issue and sell, and the Purchaser agreed to purchase, up to $20 million of the Company’s common stock, subject to Nasdaq rules (such transaction, the “Equity Line of Credit” or the “ELOC”). The ELOC proposal is Proposal 2 and seeks shareholder approval for the issuance up to 39,215,686 shares of common stock as described in more detail in the Proxy Statement.

In connection with the Merger, the Company is also seeking to change its name to “Beeline Holdings, Inc.” to reflect a shift in and align our focus to the Beeline business following the Merger (the “Name Change”). The remaining proposals are asking our shareholders to ratify the appointment of our auditors and adjourn the meeting if necessary to permit us to seek additional votes.

The Board determined that each of the foregoing proposals are advisable and in the best interests of Eastside and its shareholders and unanimously recommends that Eastside shareholders vote “ FOR” each such proposal.

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Your vote is very important.Eastside shareholders must approve the Proposals in order for the Company to complete certain transactions following the Merger, including capital raising transactions and other matters which are critical to the Company’s ongoing operations, business plan and future success.

THE BOARD UNANIMOUSLY RECOMMENDS THAT EASTSIDE SHAREHOLDERS APPROVE EACH OF THE PROPOSALS LISTED ABOVE.

The close of business on January 23, 2025 has been fixed as the record date for the Special Meeting (the “Record Date”). Only holders of record of Eastside shareholders on the Record Date are entitled to notice of, and to vote at, the Special Meeting or any adjournments or postponements of the Special Meeting.

The Proxy Statement accompanying this notice provides for more detailed information regarding the matters to be acted upon at the Special Meeting. You are encouraged to read the entire Proxy Statement carefully, including the Merger Agreement, which is included as Annex Ato the Proxy Statement.

SO THAT YOUR SHARES WILL BE REPRESENTED WHETHER OR NOT YOU ATTEND THE SPECIAL MEETING, PLEASE SUBMIT A PROXY AS SOON AS POSSIBLE BY MAIL, FAX, E-MAIL OR THROUGH THE INTERNET. INSTRUCTIONS ON THESE DIFFERENT WAYS TO SUBMIT YOUR PROXY ARE FOUND ON THE ENCLOSED PROXY CARD. YOU MAY REVOKE YOUR PROXY AT ANY TIME BEFORE IT IS VOTED AT THE SPECIAL ME