Institutional investor reports 6.6% stake in Beeline Holdings (NASDAQ: BLNE)

Rhea-AI Filing Summary

Beeline Holdings, Inc. disclosed that Investment Company, Inc., a Delaware corporation, beneficially owns 1,875,000 shares of Beeline common stock, representing 6.6% of the outstanding class as of the reported date. The shares are held through investment funds advised by Investment Company, Inc., which has sole voting and dispositive power over the reported position.

The reporting person certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Beeline Holdings, Inc.

Insights

Equity Ownership & Disclosure Analyst

New 6.6% institutional holder disclosed in ordinary-course filing.

Investment Company, Inc. reports beneficial ownership of 1,875,000 Beeline common shares, equal to 6.6% of the class. The position is held via advised funds, with sole voting and dispositive power reported.

The filer certifies the stake was acquired and is held in the ordinary course of business and not to change or influence control of Beeline Holdings, Inc.. This aligns with a typical Schedule 13G, which is used by passive institutional investors.

While the disclosure confirms a meaningful institutional position above the 5% threshold, it does not describe any change in strategy, planned transactions, or control-related intentions. Future ownership updates, if any, would appear in subsequent beneficial ownership reports.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Beeline Holdings, Inc.

(Name of Issuer)

Common Stock, Par Value .0001

(Title of Class of Securities)

277802500

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 277802500

1

Names of Reporting Persons

AWM Investment Company, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,875,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,875,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,875,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Fund III QP, L.P. (SSFQP) and Special Situations Cayman Fund, L.P. (Cayman). As the investment adviser to the Funds, AWM holds sole voting and investment power over 1,462,346 Common Shares held by SSFQP and 412,654 Common Shares held by Cayman.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Beeline Holdings, Inc.
(b)	Address of issuer's principal executive offices: 188 VALLEY STREET,, SUITE 225, PROVIDENCE, RHODE ISLAND, 02909
Item 2.
(a)	Name of person filing: The person filing this report is AWM Investment Company, Inc., a Delaware corporation (AWM), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Islands Limited Partnership (CAYMAN)and Special Situations Fund III QP, L.P., a Delaware limited partnership (SSFQP). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are members of: SSCayman, L.L.C., a Delaware limited liability company (SSCAY), the general partner of CAYMAN; and MGP Advisers Limited Partnership, a Delaware limited partnership (MGP), the general partner of SSFQP. Greenhouse and Stettner are also controlling principals of AWM.
(b)	Address or principal business office or, if none, residence: 527 Madison Avenue, Suite 2600 New York, NY 10022
(c)	Citizenship: AWM is a Delaware Corporation
(d)	Title of class of securities: Common Stock, Par Value .0001
(e)	CUSIP No.: 277802500
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,875,000
(b)	Percent of class: 6.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting power over 462,346 Common Shares held by SSFQP and 412,654 Common Shares held by Cayman. Greenhouse and Stettner are members of SSCAY, the general partner of CAYMAN and MGP, the general partner of SSFQP. Greenhouse and Stettner are also controlling principals of AWM.
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole investment power over 462,346 Common Shares held by SSFQP and 412,654 Common Shares held by Cayman. Greenhouse and Stettner are members of SSCAY, the general partner of CAYMAN and MGP, the general partner of SSFQP. Greenhouse and Stettner are also controlling principals of AWM.
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AWM Investment Company, Inc.

Signature:	Adam Stettner
Name/Title:	Executive Vice President
Date:	02/13/2026

FAQ

How many Beeline Holdings (BLNE) shares does Investment Company, Inc. beneficially own?

Investment Company, Inc. reports beneficial ownership of 1,875,000 shares of Beeline Holdings common stock. This stake represents 6.6% of the outstanding common stock class as of the event date in the Schedule 13G filing.

What percentage of Beeline Holdings (BLNE) does Investment Company, Inc. hold?

The filing states that Investment Company, Inc. beneficially owns 6.6% of Beeline Holdings’ common stock. This percentage is based on its 1,875,000 reported shares relative to the company’s total outstanding shares of that class.

Is Investment Company, Inc. seeking control of Beeline Holdings (BLNE)?

The filer certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Beeline. The Schedule 13G format is typically used for passive, non‑control investments.

Through what structure does Investment Company, Inc. hold its Beeline (BLNE) position?

Investment Company, Inc., a Delaware corporation, reports holding Beeline shares as investment adviser to affiliated funds. It has sole voting and sole dispositive power over the reported 1,875,000 common shares held by those funds.

When was the Beeline (BLNE) ownership by Investment Company, Inc. measured?

The Schedule 13G identifies December 31, 2025 as the date of the event requiring the filing. The reported 1,875,000 shares and corresponding 6.6% ownership are tied to that event date for disclosure purposes.

Who signed the Beeline (BLNE) Schedule 13G for Investment Company, Inc.?

The Schedule 13G is signed by Adam Stettner, identified as Executive Vice President of Investment Company, Inc. The signature certifies that the information in the ownership report is true, complete, and correct to the best of his knowledge.