Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 439

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 439
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 circumstances
about which the Company can give no assurance. Further, any forward-looking statement speaks only as of the date on which such statement
is made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events or circumstances.
Forward-looking statements should not be relied upon as a prediction of actual future financial condition or results. These forward-looking
statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated.
Such risks and uncertainties include the factors set forth above and the other information set forth in this Form 10-K.

Objective

The
following discussion provides an analysis of the Company’s financial condition, cash flows and results of operations from management’s
perspective and should be read in conjunction with the consolidated financial statements and notes thereto included in Part II, Item
8 of this Report. Our objective is to provide discussion of events and uncertainties known to management that are reasonably likely to
cause the reported financial information not to be indicative of future operating results or of future financial condition and to also
offer information that provides an understanding of our financial condition, cash flows and results of operations. This section of this
Form 10-K generally discusses 2024 and 2023 items and year-to-year comparisons between 2024 and 2023.

45

Overview

Eastside Distilling, Inc., which for operations and financial results through
October 7, 2024 (the date on which we acquired Beeline Financial) we refer to in this Report as “Eastside,” was incorporated
under the laws of Nevada in 2004 under the name of Eurocan Holdings, Ltd. In December 2014, Eastside changed its corporate name to Eastside
Distilling, Inc. to reflect the acquisition of Eastside Distilling, LLC.

Merger

On September 4, 2024, Eastside entered into an
Agreement and Plan of Merger and Reorganization (the “Merger”) with Bridgetown Spirits Corp. (“Bridgetown Spirits”)
and Beeline Financial Holdings, Inc. (“Beeline Financial”). The Merger closed on October 7, 2024. On March 12, 2025, Eastside
changed its name to Beeline Holdings, Inc. (the “Company”), see Note 4, Merger in the Notes to Consolidated Financial
Statements.

Beeline Financial was incorporated in Delaware on
July 1, 2020 via a merger with Beeline Financial Holdings, Inc.,