Company: BLNE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001641172-25-022594
Chunk: 25

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 25
---
,921 accompanying Warrants on the same terms as all other investors in the Series G and accompanying Warrants offering. Mr. Freedman’s subscription amount was used to repay the $121,593 of indebtedness owed to Mr. Freeman by Beeline. Mr. Freedman made a $75,000 loan to Beeline on December 11, 2023 which was due February 11, 2024. The sums due above the principal represented default interest, fees and penalties. Mr. Liuzza guaranteed payment of the note issued to Mr. Freedman. On March 7, 2025, Mr. Freedman converted 534,201 shares of Series F Convertible Preferred Stock, 3,981 shares of Series F-1 Convertible Preferred Stock and 238,418 shares of Series G into shares of the Company’s Common Stock. The Warrants allow for the purchase of a total of 117,404 shares of Common Stock at an exercise price of $0.66 per share pursuant to price protection adjustments. The number of underlying shares of Common Stock and exercise price of the Warrants were adjusted as a result of Series G price protection adjustment provisions set forth therein, and may be subject to further adjustments based on lower priced sales of Common Stock or Common Stock equivalents by the Company or if the Company obtains waivers to such adjustment provisions from the holders of these securities. Conversions of Series G and exercise of Warrants are subject to stockholder approval as and to the extent required by the rules of The Nasdaq Capital Market. The purchase prices were on the same terms as paid by other unaffiliated investors.

Beeline Loans partnered with CredEvolv on February 26, 2025 to help declined borrowers improve their credit and secure mortgage approval. Steve Romano is co-founder and President of CredEvolv. Mr. Romano also serves on the Company’s Board of Directors. Beeline Financial engaged Mr. Romano to provide certain consulting services pursuant to an agreement dated July 29, 2024 to continue until terminated by written notice.

| 19 |

On May 28, 2025, the Board approved grants of cash and restricted stock to its non-employee directors, prior non-employee directors and stock options to senior executives. The equity grants were made under the Plan and are subject to stockholder approval of the Plan, as described in Proposal 2 herein. The cash grants were not subject to stockholder approval. The table below lists the amount of cash awarded to four non