Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 22

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 22
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/M Capital Master Fund LP as the purchaser. The
ELOC Agreement amended and restated the original ELOC Agreement originally entered into on December 31, 2024 to, among other things, (i)
reduce the maximum amount under the ELOC Agreement from $35 million to $10 million, and (ii) extend the filing deadline for the registration
statement required under the ELOC Agreement to 30 days following the filing of the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2024. The ELOC as amended and restated entitles us to sell shares of our Common Stock to the purchaser
at a purchase price per share determined based on a discount to the market price using a formula tied to the trading prices and volumes
of our Common Stock as of applicable sale dates, and subject to certain limitations based on such metrics.

As of March 31, 2025, the Company sold and issued
a total of 1,090,622 shares of Common stock for an aggregate purchase price of $2.1 million to the purchaser under the ELOC.

16

Series G and Warrants

On February 27, 2025, the Company increased its offering
of Series G Convertible Preferred Stock (“Series G”) and accompanying Warrants to a total of up to 13,878,040 shares of Series
G (which are convertible into 1,387,804 shares of common stock, subject to adjustment) and warrants to purchase up to 693,902 shares of
common stock (representing 50% warrant coverage) for total gross proceeds of up to $7.1 million, which offering was increased from its previous
amount of up to $5.0 million following approval by the Company’s Board on February 27, 2025. Since the offering of Series G shares
and warrants originally commenced on November 26, 2024, the Company has sold to accredited investors a total of 12,274,024 shares of
Series G and accompanying warrants to purchase 613,709 shares of common stock for total gross proceeds of $6.3 million. The Company
also issued 1,088,720 shares of Series G in transactions outside of the offering.

November 2024 Secured Notes and Warrant Financing

On November 14, 2024, the Company sold
$1.9 million of principal amount of senior secured notes and pre-funded warrants to purchase 36,360 shares of Common