Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 6

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 6
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 referred to as the “Merger Share Issuance Proposal”);         |

| 5 |

| 2. | Equity                                                                                   
 Line of Credit Proposal — a proposal to approve the Equity Line of Credit, or ELOC,      
 transaction pursuant to which the Company will issue and sell up to $20 million          
 of common stock to the Purchaser or up to 39,215,686 shares of common stock as described 
 in the Proxy Statement;                                                                  |

| 3. | Name                                                                           
 Change Proposal — a proposal to approve an amendment to the Company’s Articles 
 of Incorporation to change the name of the Company to “Beeline Holdings,       
 Inc.” (the “Name Change Proposal”);                                            |

| 5. | Adjournment                                                                           
 Proposal — a proposal to approve an adjournment of the Special Meeting, if necessary, 
 to solicit additional proxies in favor of the foregoing proposals (the “Adjournment   
 Proposal”).                                                                           |

The Eastside Board of Directors (the “Board”) approved the Agreement and Plan of Merger and Reorganization dated September 4, 2024, as amended on October 7, 2024, by and among Eastside, East Acquisition Sub, Inc., a wholly-owned subsidiary of Eastside (“Merger Sub”) and Beeline Financial Holdings, Inc. (“Beeline), as amended (the “Merger Agreement”) and the other agreements and transactions contemplated by the Merger Agreement pursuant to which, among other things, Beeline merged with and into Merger Sub and became a wholly-owned subsidiary of the Company in exchange for the issuance of convertible preferred stock to former Beeline shareholders (the “Merger”), as well as subsequent transactions pursuant to which the Company has issued or agreed to issue, subject to Nasdaq rules, stock and derivative securities which as and when convertible or exercisable, together with the shares of Series F and F-1 issued to former Beeline shareholders in the Merger (the “Merger Shares”), will result in the issuance of shares of the Company’s common stock and voting rights in excess of 19.99% of the Company’s common stock outstanding as of the closing of the Merger.

The Board has also approved, and the Company has entered into agreements contemplating an equity line of credit transaction with an accredited investor (the “Purchaser”) pursuant to which the Company agreed to issue and sell, and the Purchaser agreed to purchase, up to $20 million of the Company’s common stock, subject to Nasdaq rules