secwatch.observer — SEC 8-K summary
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Issuer:     Beeline Holdings, Inc. (BLNE)
CIK:        0001534708
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001493152-24-040338
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 3.01, 1.01, 5.03, 2.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastside Distilling merges with Beeline Financial, eliminates $6.6M debt, appoints new directors and CFO
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- Closed debt exchange: $4,137,581 secured debt and $2,465,169 unsecured debt released; issued Series D/E preferred and common stock to creditors.
- Merger with Beeline Financial Holdings: Beeline shareholders receive 69,482,229 Series F and 517,771 Series F-1 preferred shares; Eastside gains mortgage tech platform.
- Board expanded from 4 to 6; Joe Freedman and Joe Caltabiano appointed directors; Christopher Moe named CFO.
- CEO Geoffrey Gwin gets $90,000 cash bonus, 400,000 vesting shares, and up to 1% of additional shares if Series F conversion price adjusted.
- Eastside believes it has regained Nasdaq equity compliance (formerly $853,000 equity vs $2.5M minimum) after the transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534708/000149315224040338/0001493152-24-040338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534708/000149315224040338/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-040338

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