8-K
filed December 3, 2024, 6:59 PM ET
ticker BLNE
CIK 0001534708
other material
confidence high
sentiment neutral
materiality 0.60
Eastside Distilling raises $595K via sale of Series G preferred stock and warrants
Beeline Holdings, Inc.
- Sold 1,166,667 Series G shares and 583,333 warrants to two accredited investors for $595,000 gross proceeds.
- Series G stated value $0.51, convertible at $0.51 per share, subject to shareholder approval and a 4.99% beneficial ownership cap.
- Filing of Certificate of Correction limits Series G conversion price floor to 20% of Nasdaq Minimum Price.
- Corrected Series F and F-1 preferred stock certificates to exclude Section 16 officers/directors from beneficial ownership limitation.
- Net proceeds to be used for working capital and general corporate purposes; offering may be extended up to $3.06M.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Beeline Holdings, Inc.: Filed Certificate of Correction of Series F-1 Preferred Stock to correct beneficial ownership limitation scope error and clarify voting rights provision (effective 2024-11-27).
- Change
- charter amendment
- Effective
- 2024-11-27
Exact text from the filing
On November 27, 2024 Eastside filed with the Nevada Secretary of State a Certificate of Correction of the Certificate of Designation of the Series F-1 Preferred Stock.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Beeline Holdings, Inc.: Filed Certificate of Correction of Series G Preferred Stock to include a floor price on conversion price (effective 2024-12-02).
- Change
- charter amendment
- Effective
- 2024-12-02
Exact text from the filing
On December 2, 2024, Eastside filed with the Nevada Secretary of State a Certificate of Correction of the Certificate of Designation of the Series G Preferred Stock to include a floor price under which the conversion price of the Series G cannot be reduced, which floor price is equal to 20% of the Minimum Price as that term is defined by the rules and regulations of The Nasdaq Stock Market LLC.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Beeline Holdings, Inc.: Filed Certificate of Correction of Series F Preferred Stock to correct beneficial ownership limitation scope error exempting executive officers and directors (effective 2024-11-27).
- Change
- charter amendment
- Effective
- 2024-11-27
Exact text from the filing
On November 27, 2024 Eastside filed with the Nevada Secretary of State a Certificate of Correction of the Certificate of Designation of the Series F Preferred Stock.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Beeline Holdings, Inc.: Filed Certificate of Designation of Series G Preferred Stock (effective 2024-11-26).
- Change
- charter amendment
- Effective
- 2024-11-26
Exact text from the filing
On November 26, 2024 Eastside filed with the Nevada Secretary of State a Certificate of Designation of 6,000,000 shares of Series G Preferred Stock.
View on SEC.gov
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