Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 149

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 149
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uance of Common Stock

During the year ended December 31, 2023, the Company issued 162,849shares of common stock to directors and employees for stock-based compensation of $0.7million. The shares were valued for accounting purposes using the closing share price of the Company’s common stock on the date of grant, within the range of $1.29to $7.40per share and issued within the range of $3.05to $7.40per share

During the year ended December 31, 2023, the Company sold 343,495shares of common stock for net proceeds of $1.4million in at-the-market public placements.

On September 29, 2023, pursuant to the DSA (see discussion above), the Company issued to the SPV 296,722shares of common stock and 200,000shares of its Series C Preferred Stock. In exchange for that equity, the Company’s debts to the members of the SPV were reduced by a total of $6.5million.

During the year ended December 31, 2022, the Company issued 19,265shares of common stock to directors and 4,808shares of its common stock to each of the Subscribers of the 6% Secured Convertible Promissory Notes for stock-based compensation of $0.3million These shares were valued using the closing share price of the Company’s common stock on the date of grant, within the range of $5.60to $19.20per share.

On April 5, 2022, the Company sold 10,000shares of common stock to its Chief Executive Officer for proceeds of $0.2million based on the market price of the stock at that date.

On February 4, 2022, 8,500shares were issued at $24.20per share to the Company’s former Chief Executive Officer pursuant to his separation agreement for stock-based compensation of $0.2million.

Issuance of Series B Preferred Stock

On October 19, 2021, Company entered into a securities purchase agreement (“Purchase Agreement”) with an accredited investor (“Subscriber”) for its purchase of 2.5million shares (“Preferred Shares”) of Series B Convertible Preferred Stock (“Series B Preferred Stock”) at a purchase price of $1.00per Preferred Share, which Preferred Shares are convertible into shares of the Company’s common stock pursuant to the terms and conditions set forth in a Certificate of Designation