Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 72

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 72
---
 the Record Date are entitled to receive notice of and vote at the Eastside Special Meeting, and any adjournment or postponement thereof.

| 60 |

In general, holders of outstanding shares of our preferred stock are entitled to vote with holders of our common stock as a single group. On the Record Date, there were 4,689,503 shares of common stock and 40,323 votes underlying shares of preferred stock issued and outstanding.

Quorum Requirement

One-third of the outstanding voting power will constitute a quorum for the transaction of business at the Special Meeting.

All shares of Eastside common stock and Series B, D and E represented in person or by proxy at the Special Meeting, including abstentions, will be treated as present for purposes of determining the presence or absence of a quorum at the Eastside Special Meeting.

Abstentions and Broker Non-Votes

Abstentions are considered present for the purposes of establishing a quorum. Abstentions and broker non-votes will have the same effect as a vote “AGAINST” the Name Change Proposal but will have no effect on the other proposals.

Your bank, brokerage firm or other nominee has discretionary authority to vote on “routine” proposals if you have not provided voting instructions. However, your bank, brokerage firm or other nominee is precluded from exercising voting discretion with respect to non-routine matters. We expect that the Auditor Ratification Proposal and the Adjournment Proposal will be considered “routine” matters and your bank, brokerage firm or other nominee may vote your shares with respect to these proposals even if you do not provide voting instructions. We expect that the Merger Share Issuance Proposal, the ELOC Proposal, and the Name Change Proposal will be considered non-routine matters and that your bank, brokerage firm or other nominee will not be permitted to vote on these proposals unless you provide your broker with voting instructions on such proposals. This is often called a “broker non-vote.” You should instruct your broker to vote your shares by following the directions your broker provides you. Please review the voting information form used by your broker to see if you can submit your voting instructions by telephone or Internet.

Stock Ownership of Eastside Directors and Executive Officers

On the Record Date, our directors and executive officers and their respective affiliates beneficially owned and were entitled to vote approximately 742,626 shares of Eastside common stock. These shares represent approximately 15.8% of the voting power outstanding on the Record Date. In addition, we have voting agreements covering another approximately