Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1039

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1039
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 obligations of Eastside to Aegis, Bigger and District 2 were made pari passu;

    ●
    the Common Stock Purchase Warrant issued by Eastside to TQLA LLC on March 21, 2022, which permits TQLA LLC to purchase up to 14,583 shares of Eastside’s common stock, was amended to prevent any exercise of the Warrant that would result in the portion of the cumulative voting power in Eastside that the holder and its affiliates may own after the conversion to 9.99%. The Beneficial Ownership Limitation may be increased to 19.99% by the holder upon 61 days advance notice to Eastside.

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