Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 177

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 177
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 is presented below:

Summary of Warrant Activity

|                          |     | Warrants |           |     | Weighted-    
 Average      
 Remaining    
 Life (Years) |     |     | Weighted- 
 Average   
 Exercise  
 Price     |       |     | Aggregate 
 Intrinsic 
 Value     |   |
|:-------------------------|:----|:---------|----------:|:----|:-------------|----:|:----|:----------|------:|:----|:----------|:--|
| Outstanding              
 as of December 31, 2023  |     |          |   201,667 |     |              | 3.8 |     | $         | 34.87 |     | $         | - |
| Granted                  |     |          | 1,196,043 |     |              | 5.0 |     |           |  5.00 |     |           | - |
| Outstanding              
 as of September 30, 2024 |     |          | 1,397,710 |     |              | 4.8 |     | $         |  9.31 |     | $         | - |

17. Related Party Transactions

The following is a description of transactions since January 1, 2023 as to which the amount involved exceeds the lesser of $ 0.1million or one percent ( 1%) of the average of total assets at year-end for the last two completed fiscal years, which was $ 0.2million, and in which any related person has or will have a direct or indirect material interest, other than equity, compensation, termination and other arrangements.

Aegis Security Insurance Company

On October 7, 2022, the Company entered into a Note Purchase Agreement with Aegis. Pursuant to the Note Purchase Agreement, Aegis purchased from the Company a secured promissory note in the principal amount of $ 4.5million (the “Aegis Note”). $ 3.3million of the purchase price was paid to TQLA, LLC to satisfy a Note purchased from TQLA earlier in 2022. See discussion of the Aegis transaction in Note 12.Patrick Kilkenny is the principal owner of Aegis. TQLA LLC is owned by Stephanie Kilkenny, a member of the Company’s Board of Directors, and her husband, Patrick Kilkenny.

LD Investments LLC and Aegis Security Insurance Company

On September 29