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

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 14
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 with a private placement offering. The Notes and Note Warrants were sold pursuant to a Securities Purchase Agreement with the investors. The Note Warrants are exercisable into a total of 363,602 shares of the Company’s common stock, beginning upon shareholder approval of such exercises. The Notes are not convertible and are due 120 days after issuance or on February 11, 2025.

November 2024 – January 2025 PIPE – Series G and Warrants

From November 26 to January 14, 2025, the Company sold 5,850,183 shares of Series G and five-year Warrants (the “G Warrants”) to purchase a total of 2,925,091 shares of common stock for total gross proceeds of $2,983,593. Each of the Series G and Warrants only become exercisable and convertible upon shareholder approval.

The foregoing issuances are part of an ongoing offering of Series G and accompanying G Warrants, for which we are seeking shareholder approval of those amounts at this Special Meeting. Because the offering is ongoing, we are asking shareholders to approve the issuance of shares of common stock underlying a total of up to 11,000,000 shares of Series G and 5,500,000 accompanying Series G Warrants, which includes the total of 6,938,615 Series G and 2,925,091 G Warrants presently outstanding.

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Gunnar Termination Agreement – Series G

On December 31, 2024, the Company issued
to Joseph Gunnar & Co., LLC, its former investment banker, 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 registration rights with respect to the shares of
common stock issuable upon conversion of the Series G.

Other Series G Issuances

Weissued C/M Capital Master Fund LP (“C/M” or the “Purchaser”) 573,925 shares of Series G pursuant to the ELOC. The Series G were issued as “commitment shares” pursuant to the ELOC Agreement and a subsequent side letter agreement, and the shares underlying the Series G issued to the Purchaser are included in the Merger Share Issuance Proposal because such Series G were issued following the Merger in a subsequent transaction.

On December 31, 2024, an affiliate of the Purchaser purchased 294,118 shares of Series G and 147,059 G W