Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 124

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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Each
share of Series F and F-1 Preferred Stock has a stated value of $0.50 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 F and F-1 Preferred Stock with an
initial conversion price of $5.00 per share. Each share of Series F and F-1 Preferred Stock is convertible into common stock by a conversion
ratio equal to the stated value of the Series F and F-1 Preferred Stock share divided by the Series F and F-1 Preferred Stock conversion
price. The number of shares of Common Stock into which a holder may convert Series F and F-1 Preferred Stock is 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 to 4.99%. That beneficial ownership limitation does not, however, apply to holders who are subject
to Section 16 of the Exchange Act by virtue of being an executive 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