[8-K] Beeline Holdings, Inc. Reports Material Event
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Beeline Holdings, Inc. filed a prospectus supplement to register the offer and sale from time to time of up to $15,000,000 of common stock under an at the market offering agreement with Ladenburg Thalmann & Co., Inc. as sales agent.
The company previously sold approximately 5,907,698 shares of common stock for gross proceeds of about $8,260,077 under the same agreement. Ladenburg is entitled to a 3.0% commission on gross proceeds from any new sales, plus specified legal fee reimbursements. The shares are offered under an effective Form S-3 shelf registration.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Beeline Holdings (BLNE) announce in this 8-K filing?
Beeline Holdings filed an 8-K describing a prospectus supplement that registers up to $15,000,000 of common stock for sale under an existing at the market offering agreement. The stock can be sold over time through Ladenburg Thalmann & Co., Inc. as sales agent.
How large is Beeline Holdings’ new at the market stock program?
The prospectus supplement registers the offer and sale of up to $15,000,000 of Beeline Holdings’ common stock. These shares may be issued gradually, with transactions executed as at the market offerings under Rule 415 through Nasdaq or other permitted trading methods in the United States.
How much has Beeline Holdings already raised under the ATM agreement?
Before this supplement, Beeline Holdings sold about 5,907,698 common shares for gross proceeds of roughly $8,260,077 under the at the market agreement. Those earlier sales are separate from the newly registered $15,000,000 capacity described in the current disclosure.
What compensation will Ladenburg Thalmann receive in Beeline Holdings’ ATM?
Ladenburg Thalmann is entitled to a 3.0% commission on gross proceeds from shares sold under the agreement. Beeline previously reimbursed up to $50,000 of its counsel’s fees and agreed to further legal fee reimbursements for quarterly and annual due diligence updates.
Under what registration statement is Beeline’s ATM offering being made?
The shares are being offered and sold under a prospectus supplement and base prospectus forming part of Beeline’s effective Form S-3 registration statement, file number 333-284723. That shelf registration has been declared effective by the Securities and Exchange Commission.
How can investors access Beeline Holdings’ ATM prospectus documents?
Copies of the prospectus supplement and base prospectus can be obtained from Ladenburg Thalmann’s syndicate department by phone or through the SEC’s EDGAR system at www.sec.gov. These documents provide detailed terms of the at the market common stock offering.