Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 188

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 188
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 million.

On April 30, 2025, the Company entered into an At
The Market Offering Agreement (the “ATM Agreement”) with Ladenburg Thalmann & Co., Inc., pursuant to which the Company
may issue and sell over time and from time to time, to or through Ladenburg, up to $12.0 million of shares of the Company’s common
stock. During the nine months ended September 30, 2025, the Company sold 5,540,043 shares for gross proceeds of $7.0 million. Subsequent
to September 30, 2025, the Company sold 367,655 shares for gross proceeds of $1.3 million.

During the nine months ended September 30, 2025, the
Company sold 6,417,159 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 320,862 shares of common stock
for total gross proceeds of $3.3 million.

In October 2025, the Company expanded and diversified its
warehouse lines to $25.0 million tripling its prior $5.0 million line and adding two new $5.0 million lines with new lenders in anticipation
of rapid revenue growth and loan origination volume.

On November 11, 2025, the Company entered into a Securities
Purchase Agreement with certain accredited investors, pursuant to which the Company sold to the Investors a total of 4,620,000 common
shares at $1.60 per share, raising gross proceeds of $7.4 million.

The Company intends to continue raising capital through
equity to meet its internal cash requirements. The availability of additional financing will be largely dependent on operating success,
including improved gross margins as well as operational improvements, which will be necessary to attract investors. However, there can
be no assurance that the Company will be successful in securing the necessary capital on favorable terms, or at all. The Company has no
material off-balance sheet arrangements as of the date of this filing.

Critical
Accounting Policies and Estimates

Critical
accounting policies and practices are those that are both most important to the portrayal of the Company’s financial condition
and results, and require management’s most difficult, subjective, or complex judgments, often as a result of the need to make estimates
about the effects of matters that are inherently uncertain. The critical accounting policies and practices used by the Company in the
financial statements for the nine months ended September 30, 202