Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 55

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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uzza, purchased 4,308,155 shares of Series G Preferred Stock and 5five-year Warrants to purchase a total of 215,409
shares of common stock for total gross proceeds of $2.2 million. In addition, Mr. Liuzza converted his $0.7 million bridge loan
into $0.7 million of units comprised of 1,372,549 shares of Series G Preferred Stock and five-year Warrants to purchase a total of 68,628
shares.

    32

Beeline
                                            Holdings, Inc.

Notes
to Consolidated Financial Statements

September
30, 2025

(Unaudited)

In
February and March of 2025 advanced the Company $0.1 million. In exchange for these advances, on April 25, 2025, the Board of Directors
approved the advances as loans, and the Company issued Mr. Liuzza a promissory note which bears interest at a rate of 8% per annum and
is payable on demand. On May 29, 2025, the Company amended the note to $0.4 million. As of September 30, 2025, the balance of the note
was $0.4 million.

In
January 2025, Mr. Liuzza entered into a SAFE with MagicBlocks, an entity in which the Company also has a 47.6%
ownership interest.

Jessica
Kennedy, Beeline Financial’s Chief Operating Officer, owns a 5% interest in Tower Title, which is a vendor to certain subsidiaries
of the Company. During the nine months ended September 30, 2025, the Company had transactions of $15,349 with Tower Title.

Beeline
Loans partnered with CredEvolv on February 26, 2025 to help declined borrowers improve their credit and secure mortgage approval. Steve
Romano is co-founder and President of CredEvolv. Beeline Financial engaged Mr. Romano to provide certain consulting services pursuant
to an agreement dated July 29, 2024 to continue until terminated by written notice. As of September 30, 2025, the Company paid Mr. Romano
$82,500 and had accrued $22,500 for consulting services. Mr. Romano serves on the Company’s Board of Directors.

Beeline
Loans is a member of The Mortgage Collaborative, which is an industry trade group founded by David Kittle. Beeline