Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 627

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 627
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 and 2023.

    F-33

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

Warrants

During the fourth quarter of 2024, the Company sold
shares of Series G Preferred Stock and in conjunction issued warrants to purchase a total of 224,216 shares of common stock. The warrants
have a term of five years from issuance and are exercisable at an exercise price of $6.50 per share.

On November 22 and November 25, 2024, Eastside entered
into Securities Purchase Agreements for the sale of 68,627 shares of common stock and warrants to purchase a total of 34,332 shares of
common stock. Each warrant is exercisable to purchase common stock at a price per share of $6.50. The holder’s ability to exercise
a warrant will terminate on the later of the third anniversary of the issue date for the warrant or the first anniversary of the stockholder
approval of an increase in the authorized shares of common stock.

On November 14, 2024,
the Company sold $1.9
million in aggregate principal amount of the Notes and the Warrants to purchase a total of 36,360
shares of common stock for net proceeds of $1.6
million in the Offering. The Warrants have a term of five
years from issuance and are exercisable at an exercise price of $5.00
per share (of which all but $0.001
per share was pre-funded by each Investor). The Warrants will be exercisable beginning upon shareholder approval of the issuance of
the common stock upon exercise of the Warrants and an increase in the authorized Common Stock of the Company. If at any time after
exercising the Warrants, there is no effective registration statement registering, or the prospectus contained therein is not
available for use, then the Warrants may also be exercised, in whole or in part, by means of a “cashless exercise.” The
Company recorded a debt discount related to the warrants of $24,372
as of December 31, 2024, see Note 16 – Secured Credit Facilities.

On May 16, 2024, Eastside entered into a Loan Agreement
with the SPV, Aegis, Bigger, District 2, and LDI. With each 2024 Secured Note, Eastside issued a Warrant to purchase a share of