| | This amendment amends the Schedule 13D filed with the Securities and Exchange Commission on March 20, 2025, as amended on March 26, 2025. On June 18, 2025, the Reporting Person filed an amendment which reported the purchase of certain shares of Series G Convertible Preferred Stock and Warrants to Purchase Common Stock. In fact, the Reporting Person did not purchase such securities. This amendment is being filed to correct the number of shares of common stock beneficially owned underlying Series G and Warrants in light of such development, and to update the percentage beneficially owned based on the shares of common stock outstanding as of a more recent date. The Reporting Person received shares of Series F-1 Convertible Preferred Stock ("Series F-1") and Series F Convertible Preferred Stock ("Series F") in connection with the Issuer's merger with Beeline Financial Holdings, Inc. ("Beeline") which closed on October 7, 2024, as disclosed in a Current Report on Form 8-K filed by the Issuer on that date. Subsequently, across multiple transactions which were previously disclosed in the Statements of Changes in Beneficial Ownership of Securities on Form 4 filed on December 19, 2024, December 31, 2024, February 18, 2025, February 21, 2025, March 3, 2025, March 24, 2025 and June 16, 2025, the Reporting Person invested with personal funds a total of $3,897,159 and acquired shares of Series G convertible into 2,333,629 shares of common stock and Warrants to purchase 3,762,880 shares of common stock. Additionally, across numerous transactions which were previously disclosed in the Statements of Changes in Beneficial Ownership of Securities on Form 4 filed on December 11, 2024, March 20, 2025, March 24, 2025, April 17, 2025, April 24, 2025, April 25, 2025, April 28, 2025, May 2, 2025, May 2, 2025, May 6, 2026, May 9, 2025, May 19, 2025, May 23, 2025, and June 16, 2025, the Reporting Person invested with personal funds a total of $329,265.36 and acquired 232,092 shares of common stock on the open market. On March 7, 2025, the Issuer's shareholders approved the conversion of the Series F-1, Series F and Series G and the exercise of the Warrants prior to subsequent adjustments to and issuances of certain of these securities. The shares of common stock underlying the Series G and Warrants were increased due to price protection adjustment provisions set forth in such securities, and may be subject to further adjustments based on lower priced sales of common stock or common stock equivalents by the Company or if the Company obtains waivers to such adjustment provisions from the holders of these securities. Conversions of Series G and exercise of Warrants are subject to shareholder approval as and to the extent required by the rules of The Nasdaq Stock Market LLC. |
| (a) | The Reporting Person beneficially owns 8,201,773 shares of the Issuer's common stock. This includes 7,978,057 shares beneficially owned directly and 223,716 shares owned by a family trust over which the Reporting Person exercises dispositive and voting control. The above number of shares amounts to approximately 44.7% of the 18,362,830 outstanding shares of common stock as of July 7, 2025. The percentage beneficially owned is calculated by including all shares beneficially owned as the numerator and dividing that amount by the denominator which is shares of common stock issued and outstanding plus the shares of common stock beneficially owned underlying derivative securities held by the Reporting Person (in this case, Mr. Liuzza's Series G and Warrants), even though such underlying shares are not issued and outstanding. |
| | In connection with his investments in the Series G and Warrants, the Company entered into Securities Purchase Agreements and Registration Rights Agreements with Mr. Liuzza. The terms of the Securities Purchase Agreements, Series G, Warrants, and related Registration Rights Agreements were previously disclosed in the Current Reports on Form 8-K filed on December 3, 2024, March 5, 2025, March 10, 2025, March 26, 2025, April 30, 2025, and June 16, 2025. Copies of these documents were included as exhibits to such Current Reports on Form 8-K. |