secwatch.observer — SEC 8-K summary
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Issuer:     Beeline Holdings, Inc. (BLNE)
CIK:        0001534708
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001493152-22-010633
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534708/000149315222010633/0001493152-22-010633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534708/000149315222010633/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-010633

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