secwatch.observer — SEC 8-K summary
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Issuer:     Beeline Holdings, Inc. (BLNE)
CIK:        0001534708
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001493152-23-034849
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 3.01, 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastside Distilling completes $6.5M debt-for-equity swap, regains Nasdaq compliance
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- Reduced total debt by $6,510,000: Aegis ($1.9M), LDI ($1.36M eliminated), Bigger/District 2 ($3.255M).
- Issued 296,722 common shares and 200,000 Series C Preferred shares (stated value $28.025) to SPV.
- Believes it has regained compliance with Nasdaq equity listing standard (≥$2.5M equity) as of Sept 29.
- Series C convertible at $3.05/common share; limited to 9.99% ownership (can be increased to 19.99% with notice).
- Must obtain shareholder approval to increase authorized common from 1.75M to 6M shares by Mar 31, 2024 or pay $90K/mo penalties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534708/000149315223034849/0001493152-23-034849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534708/000149315223034849/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-034849

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