Company: BLNE
Filing Date: 2025-09-26
Form Type: 424B5
Source: 0001493152-25-015799
Chunk: 12

Company: Beeline Holdings, Inc.
Filing Date: 2025-09-26
Form: 424B5
Chunk 12
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 and its eventual disposition. If these estimated cash flows are less than the carrying amount of the asset, a non-cash impairment loss would be recognized to write down the intangible asset to its estimated fair value.

Events and conditions that could result in impairment in the value of our goodwill and intangible assets include, but are not limited to, significant negative industry or economic trends, continuing large losses during 2025 or thereafter, significant decline in the Company’s common stock price for a sustained period of time, or a significant decline in market capitalization relative to net book value. Our ability to raise capital could be negatively impacted should future impairments of our goodwill and/or intangible assets occur.

As the United States continues to experience uncertainty with respect to the sales of existing homes and consumer sentiment, such events may continue to negatively impact Beeline’s business and loan origination volumes.

In 2025, the rate of sales of existing homes in the United States slowed and prices declined relative to prior periods. The effect of the decreased volume and growth of existing home sales operates to reduce loan volume, margins, revenue, and profitability in the mortgage origination industry, including in our business which in 2024 saw 23.4% of its mortgage loan closings come from home sales. We do not have available statistics on what percent of our revenues came from home sales. Further, in 2025 consumer sentiment has experienced gradual declines as increased uncertainty and concern surrounding inflation, interest rates, tariffs and geopolitical turmoil and the threat of a recession influence consumers’ behavior and opinions concerning the economy, capital markets and spending habits.

If an adverse trend in the sales of existing homes and/or consumer sentiment continues or intensifies, our loan originations could fall which will negatively impact Beeline’s business operations, operating results and financial condition.

A federal government shutdown could have a material adverse effect on our business, financial condition, and results of operations.

As of September 26, 2025, there is a risk
of a U.S. federal government shutdown, with funding for some government operations set to expire after September 30, 2025. While the
full impact cannot be determined, a shutdown could affect us in several ways, including, but not limited to, the following:

| ● | A shutdown could reduce or delay services from federal agencies that are critical to our business, such                                
 as the Internal Revenue Service (IRS) and the Securities and Exchange Commission (SEC). Delays in income verification, social security 
 number verification, and regulatory reviews, approvals