Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 58

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 58
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3, 2021, and declared effective on September 14, 2021.

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Registered Offering of Common Stock and Warrants

On November 22 and November 25, 2024, Eastside entered into Securities Purchase Agreements with four accredited investors for the sale by Eastside of units of securities consisting of a total of 686,273 shares of Eastside Common Stock and Warrants to purchase a total of 343,313 shares of Common Stock in a registered direct offering at a purchase price of $510 for each unit consisting of 1,000 shares of Common Stock and a Warrant to purchase 500 Shares. The gross proceeds to Eastside from the offering were $350,000, before deducting the expenses of the offering.

Each Warrant is exercisable to purchase Common Stock at a price per share of $0.65 (as adjusted equitably from time-to-time in accordance with the terms thereof). The Warrants may be exercised after the stockholders of Eastside approve an increase in the authorized shares of Eastside Common Stock. The holder’s ability to exercise a Warrant will terminate on the later of (a) the third anniversary of the issue date for the Warrant or (b) the first anniversary of the stockholder approval. The holder of a Warrant is prohibited from exercising such Warrants to the extent that such exercise would result in the number of shares of Common Stock beneficially owned by such holder and its affiliates exceeding 4.99% or 9.99% (at the election of the investor) of the total number of shares of Common Stock outstanding immediately after giving effect to the exercise. If the market price of Eastside Common Stock exceeds 175% of the Warrant exercise price for a period of 20 consecutive trading days, Eastside may redeem at a nominal sum on 20 days notice, during which period the holders may exercise the Warrants. The offering described above was made pursuant to a shelf Registration Statement on Form S-3 (File No. 333-282095), which was declared effective by the SEC on October 2, 2024.

Other Agreements

For a description of the Notes and Warrants issued to the Selling Stockholders, see “The Private Placement”.

On December 31, 2024, the Company
issued to Joseph Gunnar & Co., LLC 250,000 shares of Series G as consideration for the waiver and release of certain contractual
rights under which the Company also paid $100,000 and provided