Company: BLNE
Filing Date: 2025-04-28
Form Type: 10-K/A
Source: 0001641172-25-006441
Chunk: 15

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K/A
Chunk 15
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uable upon conversion of Series G held by Mr. Liuzza
(giving effect to an adjustment of the conversion price of such shares of Series G to $1.67), and (ii) 1,487,127 shares of common
stock issuable upon exercise of Warrants held by Mr. Liuzza, in each case due to 4.99% beneficial ownership limitations in such securities which as amended expire on June 25,
2025. The Series G was initially convertible at $5.10 per share and the warrants exercisable at $6.50 per share. Each of the Series G
and warrants contain price protection adjustment provisions which reduced their respective conversion and exercise prices to $1.67, which
was the lowest sale price entered into by the Company, and resulted in a proportionate increase in the number of shares underlying such
securities for all holders thereof. The Company, with the approval of Mr. Liuzza, as the majority Series G stockholder and the Company’s
Board of Directors, amended the Series G on April 25, 2025 to (i) waive the price protection for certain future financings or as otherwise
determined by the holders of a majority of the Series G and (ii) eliminate the 4.99% beneficial ownership limitation for Mr. Liuzza since
as Chief Executive Officer, a director and 10% stockholder he is already required to file ownership reports with the SEC. This Series
G amendment was effective upon filing, except that the amendment to the beneficial ownership limitations as to Mr. Liuzza are effective
on June 25, 2025.

(4) Joseph Freedman. Common stock beneficially
owned includes 46,400 shares of common stock issuable upon exercise of Warrants held by Mr. Freedman, as adjusted pursuant to price protection provisions therein, which are exercisable at $1.67 per share. See footnote (3).

(5) Crater Lake Pte Ltd. Address is 111
North Bridge Road #08-19, Peninsula Plaza, Singapore, 179098.

(6) Bigger Capital Fund, LP. Address is
11434 Glowing Sunset LN, Las Vegas, NV 89135.

(7) District 2 Capital Fund, LP. 14 Wall
Street, 2nd Floor, Huntington, NY 11743.

(8) ACM Alamosa I LP. One Rockefeller Plaza,
32nd Floor, New York, NY,