Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 44

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 officer or director of the Company which presently only applies to
the Company’s Chief Executive Officer.

The
conversion of Series F and F-1 Preferred Stock was approved at a special meeting of stockholders on March 7, 2025. During the nine months
ended September 30, 2025, 57,529,515 and 424,980 shares of Series F and F-1 Preferred Stock, respectively, were converted into 5,795,458
shares of common stock.

On
July 23, 2025, the Company entered into an agreement with a holder of and effected the exchange of 8,356,151 shares of Series F Preferred
Stock and 68,951 shares of Series F-1 Preferred Stock of the Company in exchange for the issuance to the holder of 8,425,102 shares of
Series A Preferred Stock.

Issuance
of Series G Preferred Stock 

Each
share of Series G Preferred Stock has a stated value of $0.51 and is convertible into shares of the Company’s common stock pursuant
to the terms and conditions set forth in a Certificate of Designation establishing Series G Preferred Stock with an initial conversion
price of $5.10 per share. The conversion price is subject to adjustment as provided therein including that in the event of an issuance
of common stock or common stock equivalents at a price per share that is less than the conversion price, the conversion price then in
effect will be reduced to such lower price per share, subject to certain exceptions and to a floor price of 20% of the Nasdaq Minimum
Price as of the initial closing date of the offering of such Series G Preferred Stock (see below for triggering event). The result of
such provision is that more shares of common stock will be issuable upon conversions of the Series G Preferred Stock if there is a subsequent
issuance at a lower price per share. Each share of Series G Preferred Stock is convertible into common stock by a conversion ratio equal
to the stated value of the Series G Preferred Stock share divided by the Series G Preferred Stock conversion price. The Series G Preferred
Stock conversion price is subject to equitable adjustment in the event of a stock split, reverse split, and similar events. The number
of shares of Common Stock into which a holder may convert Series G Preferred Stock will be limited by a beneficial ownership limitation,
which restricts the number of shares of the Company’s common stock that the holder and its affiliates may beneficially own after
the conversion