Company: BLNE
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001493152-25-023493
Chunk: 26

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 424B3
Chunk 26
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that dividends may only be paid in cash following the fiscal year in which the Company has net income (as shown in its audited financial statements contained in its Annual Report on Form 10-K for such year) of at least $500,000. For “in-kind” dividends, holders will receive that number of shares of common stock equal to (i) the amount of the dividend payment due such stockholder divided by (ii) the volume weighted average price of the common stock (“VWAP”) for the 90 trading days immediately preceding a dividend date. each of the Series B has a liquidation preference equal to the stated value and is senior to all other equity securities. The Series B conversion price is subject to equitable adjustment in the event of stock splits, reverse splits and similar events.

Series D

Each share of Series D has a stated value of $10.00. The Series D is non-voting. In the event that Beeline declares a dividend payable in cash or stock to holders of any class of Beeline’s stock (including the Series B), the holder of a share of Series D will be entitled to receive an equivalent dividend on an as-converted basis. In the event of a liquidation of Beeline, the holders of Series D will share in the distribution of Beeline’s net assets on an as-converted basis equally with the Series E, subordinate only to the senior position of the Series B. Each share of Series D is convertible into common stock by a conversion ratio equal to the stated value of the Series D share divided by the Series D conversion price. The Series D conversion price is $18.00 per share of common stock.

Series E

Each share of Series E has a stated value of $10.00 and is convertible into shares of the Company’s common stock at an initial conversion price of $20.00, subject to an automatic adjustment on October 31, 2025 as described below. The Series E is non-voting. In the event that Beeline declares a dividend payable in cash or stock to holders of any class of Beeline’s stock (including the Series B), the holder of a share of Series E will be entitled to receive an equivalent dividend on an as-converted basis. In the event of a liquidation of Beeline, the holders of Series E will share in the distribution of Beeline’s net assets on an as-converted basis together with the holders of the Series D, subordinate only to the senior position of the Series B.

Commencing 390 days