Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 43

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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 to Mr. Liuzza.

Secured Credit Facilities

Subsequent to June 30, 2025, the
Company repaid $0.9 million in principal and interest to the senior secured debentures.

Stockholders’
Equity 

ELOC
Agreement

Subsequent
to June 30, 2025, the Company sold and issued a total of 676,078
shares of common stock for an aggregate purchase price of $1.2 million
to the Purchaser.

Preferred
Stock

On
July 23, 2025, the Company entered into an agreement with a holder of and effected the exchange of 8,356,151 shares of Series F Preferred
Stock and 68,951 shares of Series F-1 Preferred Stock of the Company in exchange for the issuance to the holder of 8,425,102 shares of
a newly designated Series A Convertible Redeemable Preferred Stock (the “Series A Preferred Stock”).

On
July 23, 2025, the Company filed a Certificate of Designation, Preferences and Rights of the Series A Convertible Redeemable
Preferred Stock of the Company (the “Certificate of Designations”) with the Nevada Secretary of State designating and
authorizing the issuance of up to 8,425,102
shares of Series A Preferred Stock.
Each share of Series A Preferred Stock has a stated value of $0.50.
Beginning on the initial issuance date of the Series A Preferred Stock and ending one year after the initial issuance date,
the holder may convert up to $1.0
million in stated value of Series A Preferred Stock (the “Special Conversion
Amount”) at a conversion price of $1.75,
subject to adjustment and subject to beneficial ownership limitations. The conversion price is subject to customary adjustments
including for reverse stock splits, forward stock splits, and similar corporate events, and is also subject to price protection
adjustment in connection with subsequent sales or issuances of securities at a per-share price that is lower than the conversion
price, subject to certain other exceptions and limitations.

Beginning
on the issuance date of the Series A Preferred Stock
and for a period of one-year thereafter, the Company has the right to redeem the shares of Series A,
Preferred Stock other than the Special Conversion Amount, at a redemption price of $2.00 per underlying
share of common stock (based on the $1.75 per share conversion price, subject to adjustment). At the end of the