Beeline CEO Invests an Additional $900,000 in Series G Offering Priced at a 205% Premium to Market Price and Donates Warrants to St. Jude Children's Research Hospital

Rhea-AI Summary

Beeline Holdings (NASDAQ: BLNE) announced that CEO Nick Liuzza has made an additional $900,000 investment in the company's Series G convertible equity offering at $5.10 per share, representing a 205% premium to the closing price of $1.67 on March 24, 2025.

This investment follows Liuzza's recent open market purchases of 43,150 shares totaling $109,784 during the week of March 17. Since December 2024, Liuzza has invested a total of $4,045,802 in the company. As part of the transaction, Liuzza received warrants exercisable at $6.50 per share, which he donated to St. Jude Children's Research Hospital.

Beeline, a FinTech mortgage lender, focuses on driving revenue through mortgage origination and monetizing its proprietary lending technology, aiming to modernize the industry through speed, simplicity, and transparency.

Positive

• CEO's substantial $4.04M investment since December 2024 demonstrates strong insider confidence
• Series G offering priced at significant 205% premium to market price
• Additional $900,000 investment from CEO in March 2025

Negative

• Current stock price of $1.67 indicates significant market discount to offering price
• Challenging mortgage environment acknowledged by company

Since December 2024 Beeline CEO has invested $4,045,802 in Beeline demonstrating confidence in its business

Providence, Rhode Island--(Newsfile Corp. - March 25, 2025) - Beeline Holdings, Inc. (NASDAQ: BLNE), an emerging FinTech mortgage lender, today announced that Chief Executive Officer and Co-Founder, Nick Liuzza, has invested an additional $900,000 into the company's ongoing Series G convertible equity offering. The investment was made at $5.10 per share on an as-converted basis (not including Warrants)-representing a 205% premium to Beeline's closing stock price of $1.67 on March 24, 2025.

As part of the transaction, Mr. Liuzza received warrants exercisable at $6.50 per share, which he has donated in full to St. Jude Children's Research Hospital.

This investment is in addition to Mr. Liuzza's open market purchases during the week of March 17 in which he and an affiliated trust purchased a total of 43,150 shares of common stock for a total of $109,784 at purchase prices reflecting prevailing market prices, and to his prior investments in the Series G offering beginning in December. To date, since December 2024, Mr. Liuzza has invested $4,045,802 in addition to his prior investments.

"Beeline is focused on driving revenue growth through mortgage origination and monetizing our proprietary lending technology," said Nick Liuzza, CEO and Co-Founder of Beeline Holdings. "We are committed to building long-term value and bringing innovation to an industry in need of modernization."

The company remains focused on operational execution and believes its technology-driven approach will continue to distinguish it in a challenging mortgage environment.

For more information, visit www.makeabeeline.com.

About Beeline Holdings, Inc.

Beeline Holdings, Inc. (Nasdaq: BLNE) is a technology-driven mortgage lender modernizing the way consumers access home financing. With a focus on speed, simplicity, and transparency, Beeline leverages proprietary tech to streamline the lending

For media inquiries, please contact:

ir@makeabeeline.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245920

FAQ

How much has Beeline CEO Nick Liuzza invested in BLNE since December 2024?

Nick Liuzza has invested a total of $4,045,802 in Beeline Holdings (BLNE) since December 2024.

What is the premium of BLNE's Series G offering compared to market price?

The Series G offering price of $5.10 per share represents a 205% premium to Beeline's closing stock price of $1.67 on March 24, 2025.

How many shares did BLNE's CEO purchase in the open market during March 2025?

During the week of March 17, 2025, Nick Liuzza and an affiliated trust purchased 43,150 shares at market prices, totaling $109,784.

What is the exercise price of the warrants received in BLNE's Series G offering?

The warrants received in the Series G offering are exercisable at $6.50 per share.