Beeline Clarifies Recent Fundraising

Rhea-AI Summary

Beeline (NASDAQ: BLNE) closed a $7.4M registered direct offering with three funds taking long positions on November 17, 2025. The company said it currently does not expect to need more capital to reach a cash-flow-positive target in Q1 2026. Beeline’s lending entity was cash-flow positive for October. An S-1 for an ELOC was filed and became automatically effective on November 10, 2025, but the company is locked out from drawing on that ELOC for 60 days under the registered direct terms. Beeline redeemed its Series E preferred last week, preventing issuance of 800,000 common shares, and plans to redeem Series A preferred in 2026 to reduce dilution.

Positive

• $7.4M registered direct offering closed on November 17, 2025
• Lending entity cash-flow positive in October
• S-1 for ELOC became automatically effective Nov 10, 2025
• Redeemed Series E preferred, prevented issuance of 800,000 common shares
• Plan to redeem Series A preferred in 2026 to reduce dilution

Negative

• 60-day lockout prevents drawing on ELOC after Nov 10, 2025
• Series A redemption timing leaves near-term dilution risk until completed

PROVIDENCE, R.I. , Nov. 17, 2025 (GLOBE NEWSWIRE) -- via IBN -- Beeline (NASDAQ: BLNE), the digital mortgage lender built for next-generation homeowners, last week closed a $7.4M registered direct offering with three funds choosing to take a long position in Beeline. The Company stated that it does not at this time feel it will need to raise additional cash to get to a cash flow positive target for Q1 2026. Beeline’s lending entity was cash flow positive for October.  An S-1 was filed for an ELOC prior to the Company deciding to close the registered direct with the three funds. The S-1 became automatically effective on Friday, November 10th.  The Company is currently locked out from using the ELOC for 60 days as per the terms of the registered direct. If the ELOC were used it would be for a Special Project or to buy back Series A shares that it has the right to buy back if the economics were in favor of Beeline shareholders. The Company is planning on improving shareholder value by redeeming Series A preferred shares in 2026 and reducing dilution. Last week, the Company redeemed its Series E preferred shares preventing the issuance of 800,000 shares of common stock.

About Beeline

Beeline is a next-generation mortgage and home-equity company simplifying the path to homeownership and liquidity. By combining blockchain technology, automation, and a customer-first digital experience, Beeline makes financing a home — or unlocking its value — faster, fairer, and more transparent.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s raising additional capital and redeeming its Series A Preferred Stock. Forward-looking statements are prefaced by words such as “anticipate, “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” believe,” “estimate,” “forecast,” “project,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect, future interest rate changes, the risks arising from the impact of inflation, tariffs, and a recession which may result on Beeline’s business, prospective customers, and on the national and global economy, and the Risk Factors contained in the Company’s Prospectus Supplement dated November 14, 2025 and Form 10-K filed April 15, 2025. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contacts

Investor Relations
ir@makeabeeline.com

Media Inquiries
press@makeabeeline.com

Corporate Communications Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

FAQ

What did Beeline (BLNE) announce on November 17, 2025 regarding fundraising?

Beeline closed a $7.4M registered direct offering with three funds taking long positions.

Is Beeline (BLNE) cash-flow positive and when is profitability expected?

The lending entity was cash-flow positive in October, and the company targets overall cash-flow positivity in Q1 2026.

Can Beeline (BLNE) use its ELOC immediately after Nov 10, 2025?

No. The S-1 for the ELOC became effective on Nov 10, 2025, but Beeline is locked out from using it for 60 days under the registered direct terms.

How did Beeline (BLNE) avoid issuing 800,000 common shares?

Beeline redeemed its Series E preferred last week, which prevented issuance of 800,000 common shares.

What shareholder actions is Beeline (BLNE) planning for 2026?

The company plans to redeem Series A preferred shares in 2026 to improve shareholder value and reduce dilution.