Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 31

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 31
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of $2.50 per share. The Series E Preferred Stock conversion price and the floor price will be subject to equitable adjustment in the
event of stock splits, reverse splits and similar events. The number of shares of common stock into which a holder may convert Series
E Preferred Stock is limited by a beneficial ownership limitation, which restricts the number of shares of common stock that the holder
and its affiliates may beneficially own after the conversion to 9.99%. The Series E Preferred Stock is non-voting.

Pursuant
to the terms of the Debt Exchange Agreement on October 7, 2024, the Company issued a total of 200,000 shares of Series E Preferred Stock
to certain lenders, and they released the Company from liability for $2.0 million of unsecured debt.

Issuance
of Series F and F-1 Preferred Stock

Each
share of Series F and F-1 Preferred Stock has a stated value of $0.50 and is convertible into shares of the Company’s common stock
pursuant to the terms and conditions set forth in a Certificate of Designation establishing Series F and F-1 Preferred Stock with an
initial conversion price of $5.00 per share. The number of shares of Common Stock into which a holder may convert Series F and F-1 Preferred
Stock is limited by a beneficial ownership limitation, which restricts the number of shares of the Company’s common stock that
the holder and its affiliates may beneficially own after the conversion to 4.99%. That beneficial ownership limitation does not, however,
apply to holders who are subject to Section 16 of the Exchange Act by virtue of being an executive officer or director of the Company
which presently only applies to the Company’s Chief Executive Officer.

The
conversion of Series F and F-1 Preferred Stock was approved at a special meeting of stockholders on March 7, 2025. During the six months
ended June 30, 2025, 57,131,123 and 422,011 shares of Series F and F-1 Preferred Stock, respectively, were converted into 5,755,313 shares
of common stock.

Issuance
of Series G Preferred Stock

Each
share of Series G Preferred Stock has a stated value of $0.51 and is convertible into shares of the Company’s common stock pursuant
to the terms and conditions set forth in a Certificate of Designation establishing Series G Preferred Stock with an initial conversion
price of $