Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 406

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 406
---
Issuance of Common Stock

During the year ended December 31, 2024, Eastside
issued 176 shares of common stock to a director to settle $5,379 of accrued compensation. The shares were issued at a contractually agreed
upon price of $30.50 per share. For accounting purposes, the shares were valued at $11.60 per share based upon the closing price on the
date of grant for stock-based compensation of $2,046. During the year ended December 31, 2024, Eastside issued 5,574 shares of common
stock to employees and a consultant for stock-based compensation of $0.1 million at $12.10 per share.

During November 2024, Eastside entered into Securities
Purchase Agreements for the sale of securities consisting of 68,621 shares of common stock for gross proceeds of $0.4 million before deducting
the expenses of the offering.

On October 15, 2024, Eastside issued 18,000 shares
of common stock to its Chief Executive Officer at $5.00 per share in satisfaction of a bonus obligation and issued 40,000 shares of common
stock.

Pursuant to the terms of the Debt
Exchange Agreement on October 7, 2024, Eastside issued a total of 19,000
shares of common stock to Esping, WPE and Grammen, and Eastside was released from liability for $0.2
million of unsecured debt. In addition, Eastside converted 200,000
shares of its Series C Preferred Stock owned by the SPV to 183,784
shares of its common stock. The Investors of the SPV subsequently surrendered for cancellation to Eastside 98,777
shares of its common stock for Bridgetown Spirits and Craft C+P representing a net amount of (79,767) shares. See Note 5 – Debt Exchange Agreement.

On September 5, 2024, Eastside entered into a Securities
Purchase Agreement with a single institutional investor for the sale of 9,282 shares of common stock for $10.00 per share, and the sale
of pre-funded warrants for $9.99 per warrant. The warrants permitted the purchase of 34,920 shares of common stock for $0.001 per share.
The warrants were exercised on September 6, 2024. Eastside used the net proceeds for working capital and general corporate purposes.

For the year ended December