Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 57

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 57
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 a 12-month right of first refusal with respect to future financings.

All of the securities described above were issued and sold in reliance upon the exemption from registration contained in Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder.

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Other Recent Financings

As of December 10, 2024, Beeline has outstanding $3.6 million of Debentures accruing interest at 10% per annum. In January 2025, Beeline is required to make monthly payments of $440,328 through September 2025.

From November 26 to December 31, 2024, the Company sold 5,114,889 shares of Series G and five-year Warrants to purchase a total of 2,557,444 shares of Common Stock for total gross proceeds of $2,608,593.

Registered Offering of Common Stock and Pre-Funded Warrants

On September 5, 2024, Eastside entered into a Placement Agent Agreement with Joseph Gunnar & Co., LLC, pursuant to which Eastside has agreed to pay Joseph Gunnar & Co. an aggregate fee equal to 9.0% of the aggregate gross proceeds received by Eastside from the sale of the securities in the offering contemplated thereby. Eastside also agreed to reimburse Joseph Gunnar for all of its actual out-of-pocket accountable expenses in connection with the offering.

On September 5, 2024, the Company entered into a Securities Purchase Agreement with a single institutional investor for the sale by the Company of 92,815 shares of Common Stock and Pre-Funded Warrants to purchase 349,227 shares of Common Stock in a registered direct offering at a purchase price of $1.00 per share or $0.9999 per Pre-Funded Warrant. The closing of the offering occurred on September 6, 2024, at which time the investor exercised each Pre-Funded Warrant to purchase one share of Common Stock at a price per share of $0.0001. The gross proceeds to the Company from the offering were approximately $442,000, before deducting the placement agent fees and other estimated expenses in the offering. Eastside used the net proceeds from the offering for working capital and general corporate purposes.

The offering of the shares was made pursuant to a shelf registration statement on Form S-3 (File No. 333-259295), which was initially filed by Eastside with the SEC on September