Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 121

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 subject to adjustment as provided therein
and subject to beneficial ownership limitations. The conversion price is subject to customary adjustments including for reverse stock
splits, forward stock splits, and similar corporate events, and is also subject to price protection adjustment in connection with subsequent
sales or issuances of securities at a per-share price that is lower than the conversion price, subject to certain exceptions and limitations.

Beginning
on the issuance date of the Series A Preferred Stock on July 23, 2025 and for a period of one-year thereafter, the Company has the right
to redeem the shares of Series A Preferred Stock, other than the Special Conversion Amount, at a redemption price of $2.00 per underlying
share of common stock (based on the $1.75 per share conversion price, subject to adjustment). At the end of the one-year redemption period,
all remaining shares of Series A Preferred Stock (in addition to the Special Conversion Amount) will become convertible at the option
of the holder.

Each
share of Series A Preferred Stock is convertible into common stock by a conversion ratio equal to the stated value of the Series A Preferred
Stock share divided by the Series A Preferred Stock conversion price. The Series A Preferred Stock is entitled to vote with the Company’s
common stock on an as-converted basis, subject to the 4.99% beneficial ownership limitation.

During
the nine months ended September 30, 2025, 2,000,000 shares of Series A Preferred Stock were converted into 571,428 shares of common stock.

    25

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

Issuance
of Series B Preferred Stock

On
October 19, 2021, the Company entered into a securities purchase agreement (“Purchase Agreement”) with an accredited investor
for its purchase of 2.5 million shares (“Preferred Shares”) of Series B Convertible Preferred Stock (“Series B Preferred
Stock”) at a purchase price of $1.00 per Preferred Share, which Preferred Shares are convertible into shares of the Company’s
common stock pursuant to the terms and conditions set forth in a Certificate of Designation Establishing Series B Preferred Stock of
the Company with an initial conversion price of $620.00 per share. 4,250 shares of common stock were reserved for issuance in the event
of conversion of the Preferred Shares. The holder of Series B has voting rights on an as-converted basis