Company: BLNE
Filing Date: 2025-01-14
Form Type: 424B3
Source: 0001493152-25-002137
Chunk: 142

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-14
Form: 424B3
Chunk 142
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DI Investments, LLC (“LDI”) and TQLA, LLC. The SPV is a special purpose vehicle whose equity is shared 50% by Bigger and District 2 and 50% by Aegis and LDI.

Pursuant to the DSA, on September 29, 2023, the Company issued to the SPV 296,722shares of the Company’s common stock and 200,000shares of its Series C Preferred Stock, and executed a Registration Rights Agreement providing that the Company will register for public resale that common stock and the common stock issuable upon conversion of the Series C Preferred Stock. In exchange for that equity, the Company’s debts to the members of the SPV were reduced by a total of $6.5million and the Company recognized a loss on the conversion of $1.3 million for the year ended December 31, 2023. Specifically, the debt was reduced as follows:

| ● | the                                                                                                                    
 principal balance of the Secured Promissory Note issued by the Company to Aegis on October 6, 2022 was reduced by $1.9 
 million;                                                                                                               |

| ● | the                                                      
 Company’s debt to LDI of $1.4                            
 million arising from advances made by LDI                
 to the Company during the past 10 months was eliminated; |

| ● | the                                                                                                                              
 aggregate principal balance of the Secured Convertible Promissory Notes issued by the Company to Bigger in April and May of 2021 
 was reduced by $1.6                                                                                                              
 million; and                                                                                                                     |

| ● | the                                                                                                                                  
 aggregate principal balance of the Secured Convertible Promissory Notes issued by the Company to District 2 in April and May of 2021 
 was reduced by $1.6                                                                                                                  
 million.                                                                                                                             |

Further pursuant to the DSA:

| ● | the                                                                                                                               
 maturity date of the secured debt listed above as well as unsecured notes issued by the Company and held by Bigger and District 2 
 in the aggregate amount of $7.4                                                                                                   
 million was deferred to March                                                                                                     
 31, 2025 and the interest rate on all such                                                                                        
 debt was increased to 8%                                                                                                          
 per annum;                                                                                                                        |

| ● | the                                                                                                                                     
 Company, Aegis, Bigger and District 2 entered into an Intercreditor Agreement, pursuant to which the remaining secured debt obligations 
 of the Company to