Company: BLNE
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0001493152-25-009217
Chunk: 1

Company: Beeline Holdings, Inc.
Filing Date: 2025-03-05
Form: 8-K
Item: Item 3.02
Chunk 1
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Item
3.02. Recent Sales of Unregistered Securities

On
February 27, 2025, Mr. Nicholas Liuzza, Jr., the principal shareholder of Eastside Distilling, Inc., d/b/a Beeline Holdings (the “ Company”)
and Chief Executive Officer of the Company’s wholly-owned subsidiary, Beeline Financial Holdings, Inc. increased his ownership
of the Company’s securities by purchasing $100,000 of units comprised of a total of 196,078 shares of Series G Convertible Preferred
Stock (“ Series G”) and five-year Warrants to purchase a total of 98,039 shares. The purchase was pre-approved by the Company’s
Audit Committee. The purchase prices were on the same terms as paid by other unaffiliated investors.

In
addition, on February 27, 2025, an accredited investor purchased $75,000 of units comprised of a total of 147,059 shares of series G
and five-year Warrants to purchase a total of 73,529 shares.

The
offers and sales described above are part of the Company’s offering of a total of up to 13,878,040 shares of Series G and Warrants
to purchase up to 6,939,020 shares of Common Stock for total gross proceeds of up to $7,077,800, which offering was increased from its
previous amount of up to $5,037,800 following approval by the Company’s Board of Directors on February 27, 2025. Since the offering
of Series G shares and Warrants originally commenced on November 26, 2024, the Company has sold to accredited investors a total of 10,254,416
shares of Series G and Warrants to purchase 5,127,208 shares of Common Stock for total gross proceeds of $5,054,752. The Company intends
to use the net proceeds, after deducting offering expenses and related costs, for working capital and general corporate purposes.

In
connection with the foregoing, the Company entered into a Securities Purchase Agreement and Registration Rights Agreement with the investors.
The terms of the Securities Purchase Agreement, Series G, Warrants, and related Registration Rights Agreement were previously disclosed
in the Current Report on Form 8-K filed on December 3, 2024.

The
offers and sales of the units were exempt from registration Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) promulgated
thereunder