Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 120

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 120
---
 to a sale limit
of 19.99% of the outstanding shares of the Company’s common stock

On
March 7, 2025, the
Company entered into an Amended ELOC Agreement to reduce the maximum amount under the ELOC Agreement from $35 million to $10
million. On September 8, 2025, the Company again amended the ELOC Agreement to increase the commitment amount by $10 million, to
maximum total sales of up to $20 million, and to remove minimum closing price conditions for effecting purchases under the ELOC
Agreement. As a result, the Company may sell up to $12.5 million under the ELOC Agreement (after giving effect to prior sales)
beginning after January 11, 2026, see Note 20 – Subsequent Events. During the nine months ended September 30,
2025, the Company sold and issued a total of 5,694,523
shares of common stock for an aggregate purchase price of $7.5
million to the Purchaser. The Company recorded offering costs related to the ELOC Agreement of $0.5
million as of September 30, 2025.

Preferred
Stock

The
Company has 100 million shares of preferred stock authorized.

Issuance
of Series A Preferred 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
a newly designated Series A Convertible Redeemable Preferred Stock (the “Series A Preferred Stock”).

On
July 23, 2025, the Company filed a Certificate of Designation, Preferences and Rights of the Series A Convertible Redeemable Preferred
Stock of the Company (the “Certificate of Designations”) with the Nevada Secretary of State designating and authorizing the
issuance of up to 8,425,102 shares of Series A Preferred Stock. Each share of Series A Preferred Stock has a stated value of $0.50. Beginning
on the initial issuance date of the Series A Preferred Stock, the holder may convert up to $1.0 million in stated value of Series A Preferred
Stock (the “Special Conversion Amount”) at a conversion price of $1.75 per share,