---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-010633"
form_type: "8-K"
ticker: "BLNE"
cik: "0001534708"
company_name: "Beeline Holdings, Inc."
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:42:44.258379+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Eastside Distilling draws additional $1M under TQLA credit line; director Gwin steps down from board

## Summary
- On April 19, Eastside borrowed an additional $1M from TQLA, increasing total principal to $3M at 9.25% interest.
- The $3M note matures March 21, 2023; collateral includes finished spirits inventory and Craft Canning membership interests.
- Geoffrey Gwin resigned from the Board on April 18 but continues as Interim CEO and CFO.
- Proceeds from the note are for Azuñia inventory purchase and general corporate purposes.
- The note is subordinated to Live Oak Bank debt of approximately $1.96M.

## SEC filing metadata
- accession: 0001493152-22-010633
- form_type: 8-K
- ticker: BLNE
- cik: 0001534708
- company_name: Beeline Holdings, Inc.
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534708/000149315222010633/0001493152-22-010633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534708/000149315222010633/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-010633
- JSON: https://secwatch.observer/filing/0001493152-22-010633.json
- Plain text: https://secwatch.observer/filing/0001493152-22-010633.txt

## Key facts
- Executive change
  Geoffrey Gwin resigned as Member of the Board of Directors at Beeline Holdings, Inc..
  - Action: resigned
  - Role: Member of the Board of Directors
  source text: On April 18, 2022, Geoffrey Gwin resigned from his position as a member of the Board of Directors of Eastside Distilling, Inc. (“Eastside”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534708/000149315222010633/0001493152-22-010633-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.